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Regency Centers logoRegency Centers REG

The company said Regency Centers, L.P. as borrower and Regency Centers Corporation as guarantor entered into the First Amendment to the Sixth Amended and Restated Credit Agreement on July 8, 2024, with Wells Fargo Bank, National Association as Administrative Agent.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Regency Centers, L.P. as borrower and Regency Centers Corporation as guarantor entered into the First Amendment to the Sixth Amended and Restated Credit Agreement on July 8, 2024, with Wells Fargo Bank, National Association as Administrative Agent.

  2. Regency Centers said the amendment is administrative in nature and updates the baseline metric used to calculate sustainability-linked performance targets.

  3. The company said the targets relate to adjustments to the applicable interest rate margin, up or down, depending on whether it achieves certain targets based on Scope 1 and Scope 2 emission standards.

  4. The company said the full text of the amendment is attached to this 8-K as Exhibit 4.1, and that the filing description does not fully cover all of the amendment's changes. The contents of Item 1.01 are also incorporated by reference into Item 2.03.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Regency Centers Enters into 1st Amendment to Credit Agreement on July 8, 2024

The company said Regency Centers, L.P. as borrower and Regency Centers Corporation as guarantor entered into the First Amendment to the Sixth Amended and Restated Credit Agreement on July 8, 2024, with Wells Fargo Bank, National Association as Administrative Agent.

Source · Based on the filing body and exhibits

Nature of Amendment: Update to Baseline Metric

Regency Centers said the amendment is administrative in nature and updates the baseline metric used to calculate sustainability-linked performance targets.

Source · Based on the filing body and exhibits

Interest Rate Margin Adjustment Tied to Scope 1 and Scope 2 Targets

The company said the targets relate to adjustments to the applicable interest rate margin, up or down, depending on whether it achieves certain targets based on Scope 1 and Scope 2 emission standards.

Source · Based on the filing body and exhibits

Full Text of Amendment Attached as Exhibit 4.1

The company said the full text of the amendment is attached to this 8-K as Exhibit 4.1, and that the filing description does not fully cover all of the amendment's changes. The contents of Item 1.01 are also incorporated by reference into Item 2.03.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.