debt
confidence high
sentiment neutral
materiality 0.55
Curbline Properties places $150M private notes: 5.58% due 2030, 5.87% due 2032
Curbline Properties Corp.
- Issued $100M 5.58% unsecured senior notes due Sept 3, 2030 and $50M 5.87% notes due Sept 3, 2032.
- Weighted average coupon 5.65%; 2032 notes effective rate 5.79% after interest rate lock.
- Proceeds for general corporate purposes including acquisitions; closing scheduled Sept 3, 2025.
- Notes are senior unsecured obligations of Curbline Properties LP, guaranteed by Curbline Properties Corp.
- Covenants include max total leverage ratio, max secured leverage ratio, and min fixed charge coverage ratio.
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