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Empire State Realty Trust to Issue $225 Million of Green Senior Unsecured Notes
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Empire State Realty Trust to Issue $225 Million of Green Senior Unsecured Notes
Apr 10, 2024 2:33 PM

05:09 PM EDT, 04/10/2024 (MT Newswires) -- Empire State Realty Trust ( ESRT ) said late Wednesday it plans to raise $225 million through a private placement of three series of green senior unsecured notes.

The offering consists of $155 million of 7.20% notes due in June 2029, $45 million of 7.32% notes maturing in June 2031, and $25 million of 7.41% notes coming due in June 2034, the company said.

The proceeds will be used for eligible green projects as well as repaying debt and for general corporate purposes.

The private placement is slated to fund June 17, the trust said.

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