JACKSONVILLE, FL--(BUSINESS WIRE)-- Regency Centers
Corporation (NYSE:REG) (“Regency” or the “Company”) announced today an
amendment (the “Amendment”) to its existing senior unsecured term loan facility
(the “Facility”).
The Amendment established a new Facility size of $165
million, extended the maturity date to June 27, 2019 and reduced the applicable
interest rate.
The Facility will bear interest at LIBOR plus 1.15% per
annum and is subject to an unused fee of 0.20% per annum on the undrawn
balance.
Borrowings under the Facility as of June 30, 2014 total $75
million and the Company has until August 31, 2015 to elect to borrow up to an
additional $90 million.
Regency expects to use the Facility for general corporate
purposes, including funding its development and redevelopment programs and
repaying maturing debt.
For
a complete copy of the company’s news release, please contact:
Regency
Centers Corporation
Patrick
Johnson, 904-598-7422
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