Brixmor Property Group (BRX) prices $500 million senior note offering.

Brixmor Property Group (BRX) announced today that it has priced a $500 million offering of 4.05% senior notes due 2030.  The notes were priced at a discount to yield 4.077%, or 320 basis points over treasuries.  Proceeds from the offering will be used to refinance borrowings under the company's revolving credit agreement and/or other short term obligations.

Brixmor owns and manages a national portfolio of grocery-anchored shopping centers. The current portfolio includes approximately 400 properties with 70 million sf of GLA, with regional concentrations in metro NYC, Philadelphia, Houston, Dallas and Chicago. BRX has a total market capitalization of approximately $8.3 billion and is a component of the S&P MidCap 400 index.