Corporate Office Properties Trust (NYSE:OFC) starts a cash tender offer for its operating partnership's 3.700% senior notes due 2021.
Pricing for the offer is a fixed spread of 25 basis points over the U.S. Treasury reference (2.625% U.S. Treasury notes due June 15, 2021).
OFC has $300M of the notes outstanding.
The offer expires at 5:00 PM ET on Sept. 16, 2020.
