Regency Centers (REG) said late Thursday that its operating partnership priced a $400 million public offering of 5% senior unsecured notes due July 15, 2032 at 99.279% of par value.
The company expects the offering to settle Tuesday and plans to use the net proceeds to reduce the outstanding balance on its line of credit, among other things.
Regency Centers shares were up 2.9% in recent premarket activity Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.