(To read more on the debt and equity markets, click here.)
NORTH MIAMI BEACH, FL-Equity One has priced the sale of a$125-million principal amount of 6% senior unsecured notes that aredue Sept. 15, 2016. The sale is scheduled to close this Friday,March 10, at a price of 99.277% with a yield to maturity of6.094%.
At the time of the pricing, that represents a spread of 1.35% tothe February 2016 Treasury note. All of the notes are rated Baa3 byMoody's Investor Service and BBB- by Standard & Poor's.According to a statement, the locally based shopping center REITplans to use the net proceeds to repay existing debt under itsunsecured revolving credit facility.
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