Developers Diversified Realty: Developers Diversified Realty Announces Sale of $350 Million of Senior Notes
5th Oct 2005, 01:07 GMT
CLEVELAND, OH (MARKET WIRE) Developers Diversified Realty Corporation (NYSE: DDR) announced that it has priced $350 million of seven-year senior unsecured notes. The 5.375% notes are due on October 15, 2012 and will be offered to the public at 99.52% of par. The notes are redeemable prior to maturity at par value plus a make-whole premium. If the notes are redeemed within 90 days of the maturity date, no make-whole premium will be paid.
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