Pan Pacific Retail Properties, Vista, Calif., has announced the sale of $100 million of 6.125% senior notes due Jan. 15, 2013.The net proceeds will be used to repay a portion of Pan Pacific's borrowings under its $300 million unsecured revolving credit facility, the real estate investment trust said. The book-running manager of the transaction was Banc of America Securities LLC, and Wachovia Securities Inc. was the senior co-manager. The equity REIT can be found online at http://www.pprp.com.
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