(Reuters) - General Growth said the purchase would not change its
previously projection of 2007 core funds from operations of
$3.25 per share to $3.27 per share.
Chicago-based General Growth said it funded the purchase
primarily through a $750 million bank loan, which includes
amortization of fees. The loan bears interest at LIBOR plus 1.4
percent. The acquisition also includes the assumption of about
$1.05 billion of existing mortgage debt.
Read more at Reuters.com Mergers News
previously projection of 2007 core funds from operations of
$3.25 per share to $3.27 per share.
Chicago-based General Growth said it funded the purchase
primarily through a $750 million bank loan, which includes
amortization of fees. The loan bears interest at LIBOR plus 1.4
percent. The acquisition also includes the assumption of about
$1.05 billion of existing mortgage debt.
Read more at Reuters.com Mergers News
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