Entertainment Properties to offer $250 million of senior notes
By APThursday, June 24, 2010
Entertainment Properties to offer $250M in notes
KANSAS CITY, Mo. — Entertainment Properties Trust said Thursday it plans to sell $250 million of senior unsecured notes due 2020 in a private offering.
The real estate investment trust also plans to close a new, $320 million unsecured revolving credit facility at the same time as the offering.
It plans to use the proceeds from both to repay debt.
Shares fell 73 cents to $39.42 in morning trading Thursday.
YOUR VIEW POINT
