Corporate Office Properties (OFC) prices $400 million senior notes.

Corporate Office Properties Trust (OFC) announced today that its operating partnership has priced an offering of $400 million 2.250% senior unsecured notes due 2026.  The notes were priced at a discount to yield 2.364%, or +210 basis points to the treasury curve.  Proceeds will be used to finance the early redemption of the company's senior notes due 2021.

Founded in 1998, Corporate Office Properties is an equity REIT focusing on the ownership, management and development of government-related office and data center properties.  OFC is a member of the S&P MidCap 400 index with a total market capitalization of approximately $4.9 billion.


09/10/2020