JACKSONVILLE, FL -- Regency Centers Corporation (the “Company”) announced it has closed on the refinancing of its $600 million credit facility (the “Facility”). The Facility bears interest at an annual rate of LIBOR plus 125 basis points and is based on the higher of the Company’s current corporate credit ratings from Moody's and S&P.
The Facility will expire in September 2015 and includes one, one-year extension option. In addition, the Company has the ability to upsize the Facility through an accordion feature to $1 billion.
Wells Fargo Securities, LLC and PNC Capital Markets LLC acted as joint lead arrangers and joint book managers for the Facility.
Wells Fargo Bank, National Association is the administrative agent. PNC Bank, National Association acted as syndication agent and Bank of America, N.A., JPMorgan Chase Bank, N.A. and SunTrust Bank acted as documentation agents.
Comerica Bank, Regions Bank, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation and U.S. Bank, National Association are senior managing agents.
Bank of Tokyo – Mitsubishi UFJ, Ltd., Chang Hwa Commercial Bank, Ltd. and Mizuho Corporate Bank, Ltd. are all participants for the transaction
Contact: Patrick Johnson, (904) 598-7422, www.RegencyCenters.com.
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