Camden property trust retires $185.2 million of secured variable rate debt

Houston--(business wire)--camden property trust (nyse:cpt) (the “company”) announced today that it utilized its unsecured revolving credit facility to retire approximately $185.2 million of secured variable rate debt with a current weighted average interest rate of approximately 7.1%. the company will recognize charges in conjunction with this early retirement of debt of approximately $2.5 million. as of may 31, 2023, 91.3% of the company's debt is now unsecured. these charges were not included.
CPT Ratings Summary
CPT Quant Ranking