November 19, 2009 (FinancialWire) — HRPT Properties Trust (NYSE: HRP) has priced an underwritten public offering of $125 million of 7.50% unsecured senior notes due 2019.

The underwriters have also been granted a 30-day option to purchase up to an additional $18.75 million of the senior notes to cover over allotments, if any.

The settlement of this sale is scheduled to occur on November 25, 2009.

HRP intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility.

Newton, Massachusetts-based HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office and industrial buildings located throughout the United States. As of November 18, 2009, HRP owned 517 operating properties with 66.8 million square feet, including approximately 17.9 million square feet of leased industrial and commercial lands in Oahu, Hawaii.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.