Equity Commonwealth (NYSE: EQC) today announced that it is calling its 5.875% Senior Unsecured Notes due September 15, 2020 (the Notes) for redemption on June 28, 2019 (the Redemption Date).
Equity Commonwealth (NYSE: EQC) today announced that it is calling its
5.875% Senior Unsecured Notes due September 15, 2020 (the “Notes”) for
redemption on June 28, 2019 (the “Redemption Date”). The Notes will be
redeemed for cash at a price equal to 100% of the principal amount of
the Notes, plus accrued and unpaid interest up to, but excluding, the
Redemption Date, and the make-whole amount (the “Redemption Price”). The
aggregate principal outstanding on the Notes is $250,000,000.
From the Redemption Date forward, the Notes will no longer be deemed
outstanding, interest will no longer accrue, and holders will have no
rights other than the right to receive the Redemption Price, without
interest, upon surrender of the Notes. Payment of the Redemption Price
will be made only upon presentation and surrender of the Notes to U.S.
Bank, National Association, the trustee and paying agent, during its
business hours at the address specified in the Notice of Redemption. The
Notice of Redemption will be mailed to holders of the Notes on
Wednesday, May 29, 2019. Questions regarding the Notice of Redemption
should be directed to U.S. Bank, National Association, Corporate Trust
Services at 800-934-6802.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed
and self-advised real estate investment trust (REIT) with commercial
office properties in the United States. As of April 29, 2019, EQC’s
portfolio comprised 8 properties and 3.6 million square feet.
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Some of the statements contained in this press release constitute
forward-looking statements within the meaning of the federal securities
laws including, but not limited to, statements pertaining to the future
redemption of unsecured notes. Any forward-looking statements contained
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further discussion of these and other factors that could cause the
company’s future results to differ materially from any forward-looking
statements, see the section entitled “Risk Factors” in the company’s
Annual Report on Form 10-K for the year ended December 31, 2018.