WASHINGTON (dpa-AFX) - Duke Realty Corp. (DRE) Friday said it has priced an underwritten public offering of $300 million of 3.875 percent senior unsecured notes due October 15.
The notes were priced at 99.584 percent of their face amount to yield 3.925 percent to maturity. The offering is expected to close on September 19.
Net proceeds from the offering will be used to repay outstanding indebtedness with near-term maturities, including all or a portion of outstanding borrowings under the Operating Partnership's existing revolving credit facility, and for other general corporate purposes.
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