CommonWealth REIT (CWH) said Friday that it has priced an underwritten public offering of $175 million of 5.75% unsecured senior notes due August 1, 2042.
The company has granted the underwriters an option to purchase up to $26.25 million of additional notes within 30 days to cover overallotments, if any.
The settlement of this offering is expected to occur on July 25.
The company expects to use the net proceeds from the offering to redeem some or all of its outstanding 7 1/8% Series C Cumulative Redeemable Preferred Shares, repay amounts outstanding under its revolving credit facility, and for general business purposes, including funding possible future acquisitions of properties.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.