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Gladstone Commercial Raises $75 Million From Note Issuance
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Gladstone Commercial Raises $75 Million From Note Issuance
Dec 18, 2024 2:13 PM

04:53 PM EST, 12/18/2024 (MT Newswires) -- Gladstone Commercial ( GOOD ) said Wednesday its Gladstone LP unit has closed $75 million of 6.47% senior unsecured notes due Dec. 18, 2029, through a private placement with some institutional investors.

Gladstone LP will use the proceeds to repay debt, to pre-pay a part of its $60 million term loan B facility, and for general corporate purposes, the company said.

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