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BRIEF-Douglas Emmett pays off $342 mln loan and completes debt reduction
September 1, 2017 / 9:32 PM / 2 months ago

BRIEF-Douglas Emmett pays off $342 mln loan and completes debt reduction

Sept 1 (Reuters) - Douglas Emmett Inc

* Douglas Emmett pays off $342 million loan and completes debt reduction

* Douglas Emmett says ‍to fund payoff, co used some available cash and sold an additional $250 million of its common stock during August under its ATM program​

* Douglas Emmett Inc - ‍one-third of Douglas Emmett’s wholly-owned office portfolio is now debt free​

* Douglas Emmett Inc - ‍continues to have no corporate level debt and is not subject to any financial covenants​ Source text for Eikon: Further company coverage:

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