Anthracite plans offering of $100 mln senior notes

Thu Aug 23, 2007 7:43am EDT
 
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Aug 23 (Reuters) - Anthracite Capital Inc (AHR.N) said it plans to privately offer $100 million of convertible senior notes due 2027.

It plans to use up to about $20 million of the net proceeds to buy back shares and use the rest to finance its commercial real estate-related investments, the company said in a statement. (Reporting by Bhaswati Mukhopadhyay in Bangalore)

 
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