Link copied to clipboard
RAIT Financial in $34M exchange offer
RAIT Financial Trust said it exchanged $34 million in convertible notes for 8.13 million RAIT common shares and $3.1 million in cash. The Philadelphia real estate investment company had offered to exchange up to $62.83 million in 6.875 percent convertible notes for stock and cash. - Harold Brubaker
RAIT Financial Trust said it exchanged $34 million in convertible notes for 8.13 million RAIT common shares and $3.1 million in cash. The Philadelphia real estate investment company had offered to exchange up to $62.83 million in 6.875 percent convertible notes for stock and cash. - Harold Brubaker