Camden Property Trust Prices $600 Million 3.150% Senior Unsecured Notes Due 2029
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
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE:CPT) today announced it has priced a $600 million offering of senior unsecured notes under its existing shelf registration. These ten-year notes were issued at 99.751% of par value with a coupon of 3.150%. Interest on the notes is payable semi-annually on January 1 and July 1, with the first payment becoming due and payable on January 1, 2020, and the notes will mature on July 1, 2029. Camden expects to use the net proceeds of approximately $593.4 million to repay the outstanding balance on its unsecured line of credit and for general corporate purposes, which may include property acquisitions and development in the ordinary course of business, capital expenditures and working capital. Settlement is scheduled for June 17, 2019, subject to customary closing conditions. BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, S
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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