Gladstone Commercial Announces Issuance of $75 million of Senior Unsecured Notes
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Gladstone Commercial Corporation has issued $75 million in senior unsecured notes at a 6.47% interest rate, maturing in 2029. The proceeds will be used to repay existing debt and for general corporate purposes.
December 18, 2024 | 9:45 pm
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Gladstone Commercial has issued $75 million in senior unsecured notes to manage its debt and fund corporate activities. This move could improve its financial stability by reducing existing debt.
The issuance of $75 million in notes allows Gladstone Commercial to repay existing debt, which can improve its financial stability and reduce interest expenses. This is a positive development for the company's financial health.
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