CommonWealth REIT Announces Redemption of 6.50% Senior Notes Due in 2013
NEWTON, Mass.--(BUSINESS WIRE)--
CommonWealth REIT (NYSE: CWH) today announced that it will redeem all of
its outstanding 6.50% Senior Notes due 2013 at a redemption price equal
to the principal amount of $190,980,000, plus accrued and unpaid
interest to the date of redemption. This redemption is expected to occur
on July 16, 2012. CWH expects to fund this redemption by using cash on
hand and borrowing on its revolving credit facility.
Commonwealth REIT is a real estate investment trust, or REIT, which
primarily owns office buildings located throughout the United States.
CWH is headquartered in Newton, Massachusetts.
A Maryland Real Estate Trust with transferable shares of beneficial
interest listed on the New York Stock Exchange.No shareholder,
Trustee or officer is personally liable for any act or obligation of the
CommonWealth REIT Timothy A. Bonang, 617-796-8222 Vice
President, Investor Relations or Carlynn Finn, 617-796-8222 Senior
Manager, Investor Relations www.cwhreit.com