Wednesday, August 14, 2019

Regency Centers Prices $425 Million of Senior Unsecured Notes




 JACKSONVILLE, FL– Regency Centers Corporation (“Regency” or the “Company”) (NASDAQ:REG) announced today that its operating partnership, Regency Centers, L.P., priced a public offering of $425 million 2.950% notes due 2029 (the “Notes”).

The Notes are due September 15, 2029 and were priced at 99.903%. Interest on the Notes is payable semiannually on March 15 and September 15 of each year, with the first payment on March 15, 2020.

The Company intends to use the net proceeds of the offering (i) to repay in full its outstanding $300 million term loan that matures on December 2, 2020, including an interest rate swap breakage fee of approximately $1.1 million, (ii) to reduce the outstanding balance on its line of credit, and (iii) for general corporate purposes.

CONTACT:

Laura Clark
904 598 7831
LauraClark@RegencyCenters.com

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