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$ARE said it is commencing an underwritten public offering, subject to market conditions, of senior notes. RBC Capital, Barclays Capital, BBVA and Mizuho Securities USA Inc. will act as joint book-running managers for the public offering. $ARE intends to use the net proceeds to reduce the outstanding balance on its unsecured senior line of credit.
Late realization to $T that it cannot compete in the unlimited data market with its existing plans! Its newly launched plans seem more reasonable.