BREAKING: Camden Property ($CPT) closed a $600M offering of 4.900% notes due Feb 28, 2036 — priced at…
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BREAKING: Camden Property ($CPT) closed a $600M offering of 4.900% notes due Feb 28, 2036 — priced at 99.936% and closed Feb 19, 2026 🚨📈 #REIT #Bonds #FinTwit #Breaking
ALERT: Net proceeds ~ $594M will be used to pay down part of $CPT’s $1.2B revolver and commercial paper — short‑term debt cut and liquidity boost, but adds long‑dated 4.9% fixed debt 🔁💰 #CPT #REIT #Liquidity #FinTwit
Confirmed: Notes pay 4.900% (Feb & Aug 28, first interest Aug 28, 2026), callable with make‑whole; issued off CPT’s shelf. Underwriters: BofA, J.P. Morgan, PNC, U.S. Bancorp 🔍📑 #CPT #Bonds #REIT #FinTwit
Note: Several underwriters/affiliates are lenders or commercial paper holders — they’ll receive a portion of proceeds via revolver/CP repayments. U.S. Bank Trust is trustee & CP paying agent. Watch leverage & interest expense ⚠️📊 #CPT #REIT #FinTwit