Gladstone Commercial Raises $75 Million From Note Issuance

MT Newswires Live

2024/12/19

Gladstone Commercial (GOOD) said Wednesday its Gladstone LP unit has closed $75 million of 6.47% senior unsecured notes due Dec. 18, 2029, through a private placement with some institutional investors.

Gladstone LP will use the proceeds to repay debt, to pre-pay a part of its $60 million term loan B facility, and for general corporate purposes, the company said.

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