Regency Centers to redeem $150 million 6% notes due 2020 on April 2

By Marisa Wong

Morgantown, W.Va., March 1 – Regency Centers Corp. will redeem its $150 million outstanding 6% senior notes due June 15, 2020 on April 2, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price is expected to be about $163.2 million, including accrued interest through the redemption date and a make-whole amount.

As previously announced, Regency intends to fund the redemption with proceeds from an issuance of new 4.125% notes due 2028.

Regency is a Jacksonville, Fla., real estate investment trust that owns retail shopping centers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.