Equity commonwealth repays $100 million on term loan

Chicago--(business wire)--equity commonwealth (nyse:eqc) announced it repaid $100 million on its unsecured term loan. the remaining $400 million outstanding under the term loan matures december 15, 2016. funding for the repayment came from cash on hand. eqc has repaid $233 million of debt in the fourth quarter of 2014, and $766 million of debt since june 30, 2014, excluding principal amortization. these debt repayments are consistent with eqc’s strategy to de-lever the balance sheet as it repositions its portfolio. about equity commonwealth equity commonwealth (nyse: eqc) is an internally managed and self-advised real estate investment trust (reit). eqc is one of the largest commercial office reits in the united states, with a portfolio of over 40 million square feet located in 30 states, dc and australia. forward-looking statements this press release may contain forward-looking statements and information within the meaning of the federal securities laws, including statements regarding our strategy with respect to our portfolio. these statements are based on current expectations, estimates, projections and assumptions made by management. while equity commonwealth management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks. other risks and uncertainties are described under the heading “risk factors” in our annual report on form 10-k and subsequent periodic reports filed with the securities and exchange commission (sec) and available on our website, www.eqcre.com. many of these uncertainties and risks are difficult to predict and beyond management’s control. forward-looking statements are not guarantees of future performance, results or events. equity commonwealth assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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