Federal Realty Investment Trust repaid at par its $250 million 2.55% senior unsecured notes due 2021 and redeemed its $250 million 3.00% senior unsecured notes due 2022. The Senior Notes due 2022 were redeemed pursuant to their terms at 104.144% of the principal amount, plus accrued and unpaid interest. The total aggregate redemption price was $263.5 million, including $3.1 million in accrued interest. In connection with the redemption, the Company will recognize a loss on extinguishment of debt of approximately $11.2 million in the fourth quarter of 2020. The Company financed the redemption of the Senior Notes due 2021 and the Senior Notes due 2022 with cash on hand.