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HRPT Properties Prices $125 Million Of Senior Notes

Posted on: Thu, 19 Nov 2009 06:41:00 EST

Symbols: HRP

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Nov 19, 2009 (FinancialWire via COMTEX) --
HRP | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/11/19/hrpt-properties-prices-125-million-of-senior-notes/)

November 19, 2009 (FinancialWire) -- HRPT Properties Trust (NYSE: HRP | Quote | Chart | News | PowerRating) has priced an underwritten public offering of $125 million of 7.50% unsecured senior notes due 2019.

The underwriters have also been granted a 30-day option to purchase up to an additional $18.75 million of the senior notes to cover over allotments, if any.

The settlement of this sale is scheduled to occur on November 25, 2009.

HRP intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility.

Newton, Massachusetts-based HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office and industrial buildings located throughout the United States. As of November 18, 2009, HRP owned 517 operating properties with 66.8 million square feet, including approximately 17.9 million square feet of leased industrial and commercial lands in Oahu, Hawaii.

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Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279).

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For full details on Hrpt Properties Trust (HRP) HRP. Hrpt Properties Trust (HRP) has Short Term PowerRatings at TradingMarkets. Details on Hrpt Properties Trust (HRP) Short Term PowerRatings is available at This Link.

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