Curbline Properties prices $150 million of unsecured senior notes due 2030 and 2032
Curbline Properties Corp. and its operating partnership agreed to sell $150 million of unsecured senior notes in a private placement to institutional investors, with closing scheduled for September 3, 2025. The notes carry a weighted average coupon of 5.65%, and the proceeds are intended for general corporate purposes, including future acquisitions, which adds debt the company must repay and service.
Key points
- $150 million total: $100 million of 5.58% notes due September 3, 2030 and $50 million of 5.87% notes due September 3, 2032
- Interest rate lock gives a 5.79% effective rate on the 2032 notes and a 5.65% weighted average coupon
- The Company guarantees the notes; closing is scheduled for September 3, 2025, subject to customary conditions
- Covenants include maximum total, secured and unencumbered leverage ratios and minimum fixed charge and unsecured interest coverage ratios
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.