Regency Centers said it entered into an Underwriting Agreement on January 8, 2024 with BofA Securities, Inc. as representative of the underwriters. Under the agreement, RCLP agreed to sell $400,000,000 of its 5.250% Notes due 2034 at 99.617% of principal amount.

1. 01

   Regency Centers said it entered into an Underwriting Agreement on January 8, 2024 with BofA Securities, Inc. as representative of the underwriters. Under the agreement, RCLP agreed to sell $400,000,000 of its 5.250% Notes due 2034 at 99.617% of principal amount.

2. 02

   The company said the Notes bear interest at 5.250% per annum and mature on January 15, 2034. Interest is payable semi-annually in arrears on January 15 and July 15, with the first payment due on July 15, 2024.

3. 03

   The company said it will use the net proceeds from the offering to reduce the outstanding balance on its line of credit and for general corporate purposes, including future repayment of existing debt.

4. 04

   The company said the Notes offering is expected to close on January 18, 2024. The Notes will be issued under the Seventh Supplemental Indenture, to be dated December 5, 2001, which supplements the Indenture dated January 18, 2024 and its earlier supplemental indentures.

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