This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Gramercy Capital Corp. Settles Exchange of $97.5 Million of Its $150.0 Million Junior Subordinated Notes 2009-10-16 09:28 ET - News Release 
Company Website:
http://www.gramercycapitalcorp.com
NEW YORK -- (Business Wire)
Gramercy Capital Corp. (NYSE: GKK) today announced that it has settled
an exchange of $97.5 million of junior subordinated notes due June 30,
2035 issued by its operating partnership subsidiary for an equivalent
par value amount of various classes of bonds previously purchased in the
open market issued by affiliates Gramercy Real Estate CDO 2005-1,
Gramercy Real Estate CDO 2006-1 and Gramercy Real Estate CDO 2007-1. The
exchange leaves $52.5 million of additional junior subordinated notes
outstanding.
Company Profile
Gramercy Capital Corp. is a self-managed integrated commercial real
estate finance and property investment company whose Gramercy Finance
division focuses on the direct origination and acquisition of whole
loans, subordinate interests in whole loans, mezzanine loans, preferred
equity, commercial mortgage-backed securities and other real estate
securities, and whose Gramercy Realty division targets commercial
properties leased primarily to financial institutions and affiliated
users throughout the United States. Gramercy is headquartered in New
York City, and has regional investment and portfolio management offices
in Jenkintown, Pennsylvania, Charlotte, North Carolina and St. Louis,
Missouri.
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page