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.