Equity Commonwealth Announces Redemption of 5.75% Senior Notes Due 2015
01 Abril 2015 - 8:30AM
Business Wire
Equity Commonwealth (NYSE: EQC) today announced it is calling
its 5.75% Senior Notes due November 1, 2015 (the “Notes”) for
redemption on May 1, 2015. The Notes will be redeemed in cash at a
price of 100% of the principal amount of the Notes plus accrued and
unpaid interest up to, but excluding, the redemption date. The
aggregate principal outstanding of the Notes is $138,773,000.
From the redemption date forward, the Notes will no longer be
deemed outstanding, interest will no longer accrue and holders will
have no rights other than the right to receive the redemption
price, without interest, upon surrender of the Notes. Payment of
the redemption price will be made only upon presentation and
surrender of the Notes to U.S. Bank, the trustee and paying agent,
during its business hours at the address specified in the Notice of
Redemption. The Notice of Redemption will be mailed to holders of
the Notes on Wednesday, April 1, 2015. Questions regarding the
Notice of Redemption should be directed to U.S. Bank, Bondholder
Services at 800-934-6802.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is an internally managed and
self-advised real estate investment trust (REIT). EQC is one of the
largest commercial office REITs in the United States, with a
portfolio of over 40 million square feet located in 30 states, DC
and Australia.
Forward-Looking Statements
This press release may contain forward-looking statements and
information within the meaning of the federal securities laws.
These statements are based on current expectations, estimates,
projections and assumptions made by management. While Equity
Commonwealth management believes the assumptions underlying its
forward-looking statements are reasonable, such information is
inherently subject to uncertainties and may involve certain risks.
Other risks and uncertainties are described under the heading “Risk
Factors” in our Annual Report on Form 10-K and subsequent periodic
reports filed with the Securities and Exchange Commission (SEC) and
available on our website, www.eqcre.com. Many of these
uncertainties and risks are difficult to predict and beyond
management’s control. Forward-looking statements are not guarantees
of future performance, results or events. Equity Commonwealth
assume no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.
Equity CommonwealthInvestor and Media ContactSarah
Byrnes, (312) 646-2801
Equity Commonwealth (NYSE:EQC)
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