BRIEF-Allied Properties REIT announces $150 mln offering of unsecured debentures

Mon May 9, 2016 5:39pm EDT
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May 9 (Reuters) - Allied Properties Real Estate Investment Trust

* Allied properties real estate investment trust says debentures will bear interest at a rate of 3.934% per annum and will mature on November 14, 2022

* To use proceeds to fund portion of purchase price of properties in montreal announced on may 4, 2016

* To also use net proceeds to repay amounts drawn on allied's unsecured credit facility

* Allied properties reit announces $150 million offering of 3.934% series B senior unsecured debentures Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)