Business Daily.
.
A+ R A-

Fitch Rates Corporate Office Properties, L.P.'s $300MM 5.00% Notes Due 2025 'BBB-'; Outlook Stable

E-mail Print PDF
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB-' credit rating to the $300 million unsecured notes issued by Corporate Office Properties, L.P., a subsidiary of Corporate Office Properties Trust (COPT; NYSE: OFC). The 2025 notes were priced at 99.510% of par, or at 5.063%, a 270 basis point spread to the benchmark treasury. OFC intends to use the net proceeds to repay borrowings under its unsecured revolving credit facility and for general corporate purposes. The Rating Outlook is

imageimage
Grow Your Business with Times Media
Business Daily Media