Washington Real Estate Investment Trust, Rockville, Md., has announced the commencement of a consent solicitation to amend the financial covenants in the indenture governing its outstanding unsecured notes.The company said the amendment would change the definition of total assets to give the REIT's more flexibility in incurring debt. It would enable the company to access debt capital more efficiently and align its debt covenants with those of many other investment-grade REITs, the company said. The REIT can be found online at http://www.writ.com.
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