Winthrop Realty Trust Announces Closing of $75.0 Million of Senior Notes
Winthrop Realty Trust Announces Closing of $75.0 Million of Senior Notes BOSTON, Aug. 15, 2012 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) today announced the closing of its previously announced underwritten public offering of $75.0 million of its 7.75% Senior Notes due 2022 (the "Notes") at an issue price of 100% of par value. Winthrop received net proceeds, after deducting the underwriting discounts and commissions and estimated offering expenses, of approximately $72.25 million, which were then loaned by Winthrop to its wholly-owned operating partnership. The underwriters have an option to purchase an additional $11.25 million principal amount of Notes at any time on or prior to September 7, 2012.
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