debt
confidence high
sentiment neutral
materiality 0.60
Curbline Properties LP issues $200M senior unsecured notes in two tranches
Curbline Properties Corp.
- $50M 4.90% notes due 2031 (effective 5.06%) and $150M 5.13% notes due 2033 (effective 5.31%).
- First closing Dec 31, 2025 ($28M Series 2025-C); second closing Jan 20, 2026 (remaining $22M 2025-C and all Series 2026-A).
- Proceeds for general corporate purposes, including future acquisitions.
- Notes are senior unsecured obligations of the Operating Partnership, guaranteed by Curbline Properties Corp.
- Covenants include leverage ratios and fixed charge coverage; optional prepayment with make-whole.