Rockville-based Federal Realty Investment Trust on Monday announced the pricing of its public offering of 2021 unsecured notes.
The company offering a $250 million aggregate principal amount of 2.55 percent senior unsecured notes due January 15, 2021.
The notes were offered at 99.771 percent of the principal amount with a yield to maturity of 2.597 percent. Interest on the notes will be payable on January 15 and July 15 of each year, beginning January 15, 2016. The offering is expected to close on September 28.
The company said in a statement that it would use the net proceeds from the note offering to pay down outstanding credit and for general corporate purposes.