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New Issue-Mack-Cali Realty Corp sells $250 mln in notes

Wed Aug 5, 2009 3:28pm EDT

Stocks

    
 Aug 5 (Reuters) - Commercial real estate investment trust
Mack-Cali Realty Corp (CLI.N) on Wednesday sold $250 million of
senior notes, said IFR, a Thomson Reuters service.
 Bank of America, Citigroup and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: MACK-CALI REALTY CORP
AMT $250 MLN      COUPON 7.75 PCT     MATURITY 8/15/2019 
TYPE SR NOTES     ISS PRICE 99.145    FIRST PAY 2/15/2010
MOODY'S Baa2      YIELD 7.875 PCT     SETTLEMENT 8/14/2009
S&P BBB           SPREAD 411.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE



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