secwatch.observer — SEC 8-K summary
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Issuer:     COPT DEFENSE PROPERTIES (CDP)
CIK:        0000860546
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001104659-23-100781
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corporate Office Properties Trust issues $345M in 5.25% exchangeable notes due 2028
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- Issued $345M aggregate principal (incl. $45M greenshoe) of 5.25% Senior Exchangeable Notes due 2028.
- Net proceeds ~$336M; used for debt repayment, pre-funding development, and general corporate purposes.
- Notes exchangeable at 33.3739 common shares per $1,000 principal (exchange price ~$29.96, 22.5% premium to $24.46 close).
- Interest payable semi-annually March/September, beginning March 15, 2024; maturity September 15, 2028.
- Entered into registration rights agreement requiring shelf registration or prospectus supplement within 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860546/000110465923100781/0001104659-23-100781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860546/000110465923100781/tm2326134d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-100781

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