United Dominion Realty Trust Inc., Richmond, Va., has announced that the initial purchaser of a private placement of $200 million of convertible senior notes has exercised its option to buy an additional $50 million.The name of the purchaser was not disclosed. The real estate investment trust said the 4.0% notes are due 2035. The net proceeds of the sale of the additional notes will be used to repay debt under its unsecured revolving bank credit facility, United Dominion said. The apartment REIT can be found online at http://www.udrt.com.
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