Equity Commonwealth Announces Redemption of 5.875% Unsecured Notes Due 2020
May 23 2019 - 6:55AM
Business Wire
Equity Commonwealth (NYSE: EQC) today announced that it is
calling its 5.875% Senior Unsecured Notes due September 15, 2020
(the “Notes”) for redemption on June 28, 2019 (the “Redemption
Date”). The Notes will be redeemed for cash at a price equal to
100% of the principal amount of the Notes, plus accrued and unpaid
interest up to, but excluding, the Redemption Date, and the
make-whole amount (the “Redemption Price”). The aggregate principal
outstanding on the Notes is $250,000,000.
From the Redemption Date forward, the Notes will no longer be
deemed outstanding, interest will no longer accrue, and holders
will have no rights other than the right to receive the Redemption
Price, without interest, upon surrender of the Notes. Payment of
the Redemption Price will be made only upon presentation and
surrender of the Notes to U.S. Bank, National Association, the
trustee and paying agent, during its business hours at the address
specified in the Notice of Redemption. The Notice of Redemption
will be mailed to holders of the Notes on Wednesday, May 29, 2019.
Questions regarding the Notice of Redemption should be directed to
U.S. Bank, National Association, Corporate Trust Services at
800-934-6802.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally
managed and self-advised real estate investment trust (REIT) with
commercial office properties in the United States. As of April 29,
2019, EQC’s portfolio comprised 8 properties and 3.6 million square
feet.
Regulation FD Disclosures
We intend to use any of the following to comply with our
disclosure obligations under Regulation FD: press releases, SEC
filings, public conference calls, or our website. We routinely post
important information on our website at www.eqcre.com, including
information that may be deemed to be material. We encourage
investors and others interested in the company to monitor these
distribution channels for material disclosures.
Forward-Looking Statements
Some of the statements contained in this press release
constitute forward-looking statements within the meaning of the
federal securities laws including, but not limited to, statements
pertaining to the future redemption of unsecured notes. Any
forward-looking statements contained in this press release are
intended to be made pursuant to the safe harbor provisions of
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking
statements by the use of forward-looking terminology such as “may,”
“will,” “should,” “expects,” “intends,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” or “potential” or the negative
of these words and phrases or similar words or phrases which are
predictions of or indicate future events or trends and which do not
relate solely to historical matters. You can also identify
forward-looking statements by discussions of strategy, plans or
intentions.
The forward-looking statements contained in this press release
reflect the company’s current views about future events and are
subject to numerous known and unknown risks, uncertainties,
assumptions and changes in circumstances that may cause the
company’s actual results to differ significantly from those
expressed in any forward-looking statement. We do not guarantee
that the transactions and events described will happen as described
(or that they will happen at all). We disclaim any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information,
data or methods, future events or other changes. For a further
discussion of these and other factors that could cause the
company’s future results to differ materially from any
forward-looking statements, see the section entitled “Risk Factors”
in the company’s Annual Report on Form 10-K for the year ended
December 31, 2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20190523005160/en/
Sarah Byrnes, Investor Relations(312) 646-2801www.eqcre.com
Equity Commonwealth (NYSE:EQC)
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