BRIEF-Exchange Income announces $60 mln bought deal financing of 5.25 pct convertible unsecured subordinated debentures

Mon May 16, 2016 4:59pm EDT
 
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May 16 (Reuters) - Exchange Income Corp

* Exchange income corp says debentures will each have a maturity date of june 30, 2023

* Intends to use proceeds to initially repay indebtedness under credit facility

* Debentures will bear interest at 5.25% per annum, payable semiannually in arrears on june 30 and dec 31 each year commencing dec 31

* Exchange income corporation announces $60,000,000 bought deal financing of 5.25% convertible unsecured subordinated debentures Source text for Eikon: Further company coverage: )