The $30 million of notes already issued mature in August 2007and bear a coupon rate of 7.925%. The net proceeds will be used forgeneral purposes and may include the repayment of indebtedness,including amounts outstanding under AMB's unsecured creditfacility, and the acquisition or development of additionalproperties.
The named agents of the program are lead agent Morgan StanleyDean Witter, as well as Banc of America Securities LLC, Banc OneCapital Markets, Inc., Chase Securities Inc., Merrill Lynch &Co., J.P. Morgan & Co. and Salomon Smith Barney.
AMB (NYSE:AMB) stock closed down 6 cents Thursday at $24.313. Itwas off another 6 cents in morning trading Friday.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
