Mack-Cali Realty Corp. (CLI) said Monday that its operating partnership, Mack-Cali Realty, L.P., has agreed to sell $275 million of 3.15% senior unsecured notes due 2023 in an underwritten public offering.
The notes were priced at 97.792% of the principal amount to yield 3.412% to maturity. The offering is expected to close on May 8.
The proceeds from the offering after deducting underwriting discounts and offering expenses will be about $266.5 million.
The net proceeds from the offering will be used for general corporate purposes and working capital, which will include the repayment of substantially all outstanding borrowings under the operating partnership's unsecured revolving credit facility and may include purchasing or retiring of some of the operating partnership's outstanding debt securities.
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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.