Regency Centers Prices Common Stock Offering

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Regency Centers Corporation ("Regency") (NYSE:REG)  has priced an offering of 8,000,000 shares of its common stock at a price per share of $30.75, all of which will be subject to the forward sale agreements described below.

 Regency has also granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of its common stock to cover any over-allotments, which shares will not be subject to a forward sale agreement.

This offering is being made pursuant to an effective shelf registration statement and prospectus filed by Regency with the Securities and Exchange Commission. J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering.



In connection with this offering, Regency has entered into forward sale agreements with affiliates of J.P. Morgan and Wells Fargo Securities, as forward purchasers.

Subject to customary conditions, the offering is expected to close on or about December 9, 2009.

Regency intends to use any proceeds it receives upon settlement of the forward sale agreements, which are expected to be $235.8 million net of underwriters' discount and expenses, to repay or refinance maturing 2010 debt, which includes its pro rata share of the existing debt of a Regency co-investment partnership, Macquarie CountryWide-Regency II, as such partnership debt matures, and for general corporate purposes. This offering will allow Regency to use existing liquidity to prepay all or a portion of its existing term loan.

Contact: Regency Centers Corporation,  Lisa Palmer, 904-598-7636, http://www.regencycenters.com/