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Regency Centers Prices Stock Offering

Stock quotes in this article: REG  

JACKSONVILLE, Fla. (AP) — Shopping center developer Regency Centers Corp. said Tuesday it expects to raise $269.4 million in a public offering of 8.7 million shares of common stock.

The real estate investment trust priced the offering at $32.50 per share and said it plans to use the net proceeds from the sale to repay debts and cover general corporate expenses. Underwriters will have a 30-day option to buy another 1.3 million shares.

The offering is expected to close on Friday. Shares rose 5 cents to $34.17 in morning trading Tuesday. ...

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