American Assets Trust Announces Pricing Of $525M Of 6.150% Senior Unsecured Notes Due 2034
Portfolio Pulse from Benzinga Newsdesk
American Assets Trust, Inc. has announced the pricing of a $525 million public offering of 6.150% senior unsecured notes due in 2034. The notes are priced at 99.671% of the principal amount and are expected to settle on September 17, 2024, subject to customary closing conditions.
September 10, 2024 | 8:32 pm
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American Assets Trust, Inc. has priced a $525 million public offering of 6.150% senior unsecured notes due 2034, which are expected to settle on September 17, 2024. This move could impact the company's financial structure and interest obligations.
The issuance of senior unsecured notes will increase AAT's debt, affecting its financial structure and interest obligations. However, the long-term nature of the notes and the fixed interest rate provide stability, leading to a neutral short-term impact.
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