Weingarten Realty Investors, Houston, has reported the sale of $136 million of medium-term notes in seven transactions so far this year.The notes carry a weighted average maturity of 11.4 years and a weighted average interest rate of 5.4%, Weingarten said. Proceeds were used to pay down amounts outstanding under the real estate investment trust's $350 million revolving credit facility. "The issuance of these notes brings our short-term debt to only 16% of total debt, one of the lowest such ratios in the industry," said Drew Alexander, Weingarten's president and chief executive officer. The REIT can be found online at http://www.weingarten.com.
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