Regency Centers Corporation has announced the pricing of a $450 million offering of senior unsecured notes due 2033 with a 4.50% coupon rate. The proceeds will be used to reduce their line of credit, repay existing notes, and for general corporate purposes, including capital expenditures. This follows a strong fourth-quarter EPS beat, despite a revenue shortfall, and a director’s upcoming retirement.
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Regency Centers prices $450 million in senior unsecured notes By Investing.com
Regency Centers Corporation has announced the pricing of a $450 million offering of senior unsecured notes due 2033 with a 4.50% coupon rate. The proceeds will be used to reduce their line of credit, repay existing notes, and for general corporate purposes, including capital expenditures. This follows a strong fourth-quarter EPS beat, despite a revenue shortfall, and a director’s upcoming retirement.