This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.Ĭertain statements made in this press release may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. at 250 Vesey Street, New York, NY 10281, Attention: Debt Capital Markets, or by calling: 1-80. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone: 1-86 Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, New York 10020, Attention: Debt Capital Markets, by telephone: 1-86 or Scotia Capital ( USA) Inc. When available, copies of the prospectus supplement and accompanying prospectus can be obtained by contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-80, or email: J.P. Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus. Morgan, Mizuho and Scotiabank are serving as joint book-running managers of the public offering, which is being conducted under the Operating Partnership's shelf registration statement filed with the Securities and Exchange Commission. The Operating Partnership intends to use the net proceeds of the offering to fund the planned optional redemption of its 2.750% notes due June 2023 and floating rate notes due January 2024 (with interest reset quarterly at compounded SOFR plus 0.43%, resulting in interest of 3.94% at December 31, 2022), and for general corporate purposes, including to repay other indebtedness.Ĭitigroup, J.P. The offering is expected to close on March 8, 2023, subject to customary closing conditions. $650 million aggregate principal amount of its 5.850% Notes due 2053.Ĭombined, the two new issues of senior notes have a weighted average term of 20 years and a weighted average coupon rate of 5.675%.
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