This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Regency Centers Sells $250 Million “Green Bonds” Due 2024

Regency Centers Corporation (“Regency” or the “Company") (NYSE:REG) announced today that its operating partnership, Regency Centers, L.P., completed the sale of $250 million of 3.75% ten-year senior unsecured notes under the Company’s existing shelf registration statement. The notes are due June 15, 2024 and were priced at 99.482%. Interest on the notes will be payable semiannually on June 15th and December 15th of each year, beginning on December 15, 2014. Net proceeds will be used to fund, in whole or in part, Eligible Green Projects (as defined in the prospectus supplement dated May 13, 2014) including the acquisition, construction, development or redevelopment of these projects.

Together with this transaction, Regency settled a portion of its forward starting interest rate swaps (the “Swaps”), which were designed to mitigate its exposure to base treasury rates for its 2014 planned issuance. The Company will recognize interest expense at an effective rate of 3.60%. Regency’s Swaps for its 2015 planned issuance remain outstanding.

Regency views this issuance as an opportunity to support an important market as investors seek more socially responsible investment options. This placement also confirms Regency’s commitment and long-term view on sustainability, as evidenced by its market-leading greengenuity ® program, which is the Company’s commitment to do all that is practical to reduce its environmental impact in developing and operating shopping centers.

Wells Fargo Securities, LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; J.P. Morgan Securities LLC; and US Bancorp Investments, Inc. acted as joint book-running managers for the transaction. In addition Merrill Lynch, Pierce, Fenner and Smith Incorporated acted as structuring agent. The co-managers for the offering were Comerica Securities; Mitsubishi UFJ Securities (USA) Inc.; Mizuho Securities USA Inc.; PNC Capital Markets LLC; RBC Capital Markets, Inc.; Regions Securities LLC; SMBC Nikko Securities America, Inc.; and SunTrust Robinson Humphrey Inc.

A copy of the prospectus supplement and accompanying prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained by contacting the underwriters at Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets Client Support, toll-free: (800) 326-5897 or email: or Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, email:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs