NEW YORK – Brixmor Property Group Inc. (NYSE: NYSE:), an actual property funding belief (REIT), introduced Monday that it has priced a $400 million providing of 5.5% Senior Notes due 2034 by its working partnership, Brixmor Working Partnership LP. The notes, set to mature on February 15, 2034, are to be issued at 99.816% of their par worth.
Curiosity on these notes will probably be payable semi-annually, with the primary cost due on August 15, 2024. The providing is predicted to be finalized on January 12, 2024, pending customary closing circumstances. The proceeds from this providing are meant for basic company functions, together with the compensation of present debt.
Wells Fargo (NYSE:) Securities, LLC, J.P. Morgan Securities LLC, and PNC Capital Markets LLC are serving because the joint book-running managers for the providing. Brixmor has made out there a prospectus complement and accompanying base prospectus filed with the Securities and Trade Fee (SEC), which potential buyers are inspired to learn for extra complete data concerning the providing.
Brixmor owns and operates a portfolio of open-air procuring facilities, with 364 retail facilities totaling roughly 65 million sq. ft of retail house. The corporate positions itself as a central determine within the communities it serves, internet hosting a wide range of nationwide, regional, and native retailers.
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