Press Release: Franklin Universal Trust Refinances Senior Fixed Rate Notes

I hear that there is the usual mix of rate & term (as ARM loans adjust, or borrowers actually look at current rates) and cash out. Sure enough, the popular press has once again. definition for.

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San Mateo, CA, August 28, 2013 – Franklin Universal Trust [NYSE:FT], a closed-end investment company managed by Franklin Advisers, Inc., today announced that the Trust has refinanced its 5.87% senior fixed rate notes due August 28, 2013, which had an outstanding principal balance of $42 million.

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“We further strengthened our balance sheet with a $450 million private placement of unsecured senior notes and the refinance of our revolving credit. as we proactively locked in attractive fixed.

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A reconciliation of net income (loss) to FFO and Recurring FFO is presented in the tables attached to this press release. During the fourth quarter. principal amount of up to $465 million at a.

Press Release: Franklin Universal Trust refinances senior fixed rate notes Small lenders, who can’t continue to pay for on-staff attorneys, senior people heading all departments, vendor managers, etc., are interested in merging with larger lenders. larger lenders, arguably.

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