Brief: Prime US REIT Says Restructured Existing Interest Rate Swaps
30/04/2020 11:03
April 30 (Reuters) - Prime US REIT PRIE.SI :
* RESTRUCTURED EXISTING INTEREST RATE SWAPS BY ENTERING INTO
A NEW
AGREEMENT WITH BANK OF AMERICA
* AGREEMENT WITH BOFA LOCKS IN LOWER FINANCING COSTS ON ITS
BORROWINGS THROUGH 2026
* NEW INTEREST RATE SWAPS ON PRIME'S US$330 MILLION DEBT
FACILITY
LOWERS WEIGHTED AVERAGE INTEREST RATE OF 3.3%1 TO 2.8%
Source text for Eikon: urn:newsml:reuters.com:*:nSNZDP7LX
Further company coverage: PRIE.SI
(Reuters.Briefs@thomsonreuters.com)
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