EOPT Issues $500MM in Notes

Equity Office Properties Trust, Chicago, has issued $500 million of 5.875% unsecured notes due January 2013.The office real estate investment trust said the net proceeds of approximately $495 million from the offering will be used partly to retire a $300 million unsecured note maturing in February. The rest will be used to repay balances outstanding under the REIT's $1 billion revolving credit facility as well as for various corporate purposes, EOPT said. Goldman, Sachs & Co. was the underwriter for the transaction.

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