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Camden Property Trust Prices $600 Million 4.900% Notes Due 2036 to Refinance Debt
Camden Property Trust issued $600 million of 4.900% notes due in 2036, priced at 99.936%, to enhance liquidity and repay debt. The net proceeds of approximately $594 million will be used to refinance borrowings under its unsecured revolving credit facility and commercial paper program, as well as for general corporate purposes. The offering was led by BofA Securities, J.P. Morgan Securities, PNC Capital Markets, and U.S. Bancorp Investments.