Regency Centers Corp. (REG) prices $600 million senior note offering.

Regency Centers Corp. (REG) announced today that it has priced a $600 million offering of its 3.70% senior notes due 2030.  The notes are being sold at 99.805% to yield 3.723%, or +300 to the treasury curve.  Proceeds will be used to refinance bank debt, including outstandings under REG's unsecured revolving credit agreement.

Regency Centers Corp. (REG) owns, manages and develops grocery-anchored community shopping centers across the U.S.  The current portfolio is comprised of approximately 416 properties with 52 million square feet of GLA, including 115 properties held in unconsolidated JV's.  REG has a total market capitalization of approximately $11.0 billion and is a member of the S&P 500.


05/11/2020