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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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
July 9 -
June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
July 9 -
The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
July 9 -
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
July 9 -
The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
July 9 -
A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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