JACKSONVILLE, FL, May 11, 2020 (GLOBE NEWSWIRE) -- Regency Centers
Corporation (“Regency” or the “Company”) (NASDAQ:REG) announced today that its
operating partnership, Regency Centers, L.P., priced a public offering of $600
million 3.70% notes due 2030 (the “Notes”).
The Notes are due
June 15, 2030 and were priced at 99.805%. Interest on the Notes is payable
semiannually on June 15 and December 15 of each year, with the first payment on
December 15, 2020.
The Company intends to use the net proceeds of the offering to increase
liquidity, reduce the outstanding balance on its line of credit, and for
general corporate purposes, which may include the future repayment of a portion
of its outstanding debt.
Settlement of the
offering is subject to the satisfaction of customary closing conditions and is
expected to occur on May 13, 2020.
 |
| Laura Clark |
Wells Fargo
Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities
USA LLC, SunTrust Robinson Humphrey, Inc., and U.S. Bancorp Investments, Inc.
are acting as the joint book-running managers.
PNC Capital Markets
LLC and Regions Securities LLC are acting as senior co-managers. BMO
Capital Markets Corp., SMBC Nikko Securities America, Inc., TD Securities (USA)
LLC, Comerica Securities, Inc., Scotia Capital (USA) Inc., and Roberts &
Ryan Investments, Inc. are acting as co-managers.
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