BioMed Realty has raised $400 million in a sale of senior unsecured notes. The REIT intends to use the proceeds to repay a portion of the remaining indebtedness under its unsecured line of credit. Keybanc, Morgan Stanley and Wells Fargo Securities were the joint bookrunning managers for the deal. The notes carry a coupon rate of 3.850% and are due to mature on April 15, 2016.
Click here for the release from PR Newswire.