Equity Commonwealth Announces Redemption of 6.25% Unsecured Notes Due 2016
12 Janeiro 2016 - 10:30AM
Business Wire
Equity Commonwealth (NYSE: EQC) today announced it is calling
its 6.25% Senior Unsecured Notes due August 15, 2016 (the “Notes”)
for redemption on February 15, 2016. The Notes will be redeemed for
cash at a price equal to 100% of the principal amount of the Notes
plus accrued and unpaid interest up to, but excluding, the
redemption date (the “Redemption Price”). The aggregate principal
outstanding of the Notes is $139,104,000.
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, National Association, 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 Friday, January 15, 2016.
Questions regarding the Notice of Redemption should be directed to
U.S. Bank, National Association, 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) with commercial
office properties throughout the United States. EQC has a portfolio
comprising 67 properties and 25.3 million square feet with
executive offices in Chicago, IL.
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.
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Equity CommonwealthInvestor ContactSarah Byrnes, (312)
646-2801
Equity Commonwealth (NYSE:EQC)
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