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Regency Centers Sells $150 Million of Ten-Year Senior Unsecured Notes

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  Published in Business and Finance on Thursday, May 27th 2010 at 14:25 GMT by Market Wire
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JACKSONVILLE, Fla.--([ BUSINESS WIRE ])--Regency Centers Corporation (NYSE:REG) announced today that its operating partnership, Regency Centers, L.P., completed the sale of $150 million of 6.0% ten-year senior unsecured notes under its existing shelf registration statement. The notes are due June 15, 2020 and were priced at 99.299%. Interest on the notes will be payable semiannually on June 15th and December 15th of each year, beginning on December 15, 2010. The net proceeds will be used to repay near-term maturing indebtedness and for general corporate purposes.

J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC acted as joint book-running lead managers for the transaction. The co-managers were Banc of America Securities LLC, Capital One Southcoast Inc., Comerica Securities Inc., Daiwa Securities America Inc., Mitsubishi UFJ Securities (USA) Inc., Mizuho Securities USA Inc., Morgan Keegan & Company Inc., PNC Capital Markets LLC, RBC Capital Markets Corporation, SunTrust Robinson Humphrey Inc. and US Bancorp Investments Inc.

A copy of the prospectus supplement and accompanying prospectusmeeting the requirements of Section 10 of the Securities Act of 1933 may be obtainedby contacting the underwriters at J.P. Morgan Securities Inc., 383 Madison Avenue, New York, NY 10179 a" telephone (212)834-4533 (call collect) or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Syndicate Operations a" telephone (800)326-5897 or [ prospectus.specialrequests@wachovia.com ].

Regency Centers Corporation (NYSE: REG)

Regency is the leading national owner, operator, and developer of grocery-anchored and community shopping centers. At March 31, 2010, the Company owned 399 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 53.2 million square feet located in top markets throughout the United States. Since 2000 Regency has developed 201 shopping centers, including those currently in-process, representing an investment at completion of $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

Forward-looking statements involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Please refer to the documents filed by Regency Centers Corporation with the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements.