New Plan Excel Realty Trust, New York, has priced a public offering of $100 million of 3.75% senior unsecured convertible notes due 2023.The real estate investment trust said the notes will be convertible into New Plan common stock upon the occurrence of certain events, at an initial conversion price of $25.00 per share. Banc of America Securities LLC, the sole underwriter, has been granted an option to buy up to an additional $15 million of notes to cover any overallotments, New Plan said. The REIT can be found on the Web at http://www.newplanexcel.com.
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