Camden Property Trust Closes $600 Million 3.150% Senior Unsecured Note Offering
Camden Property Trust (CPT)
Last camden property trust earnings: 1/30 04:20 pm
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US:NYSE Investor Relations:
investors.camdenliving.com
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE:CPT) today announced it has closed the offering of $600 million senior unsecured notes due 2029. These ten-year Notes were issued at 99.751% of par value with a coupon of 3.150%. In anticipation of the offering of the Notes, the Company initiated forward interest rate swap agreements with an aggregate notional amount of $300 million. After giving effect to the settlement of the swap agreements which will be recognized over the first seven years of the Notes and deducting the underwriting discounts and other estimated expenses of the offering, the effective interest rate on the Notes is approximately 3.84% through June 2026, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%. In addition to historical information, this press release contains forward-looking statements under the federal securities law. These
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CPT
Earnings
- 2/1/24 - In-Line
CPT
Sec Filings
- 4/17/24 - Form 8-K
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- CPT's page on the SEC website