Shopping Center REIT Debt Sale Raises $150MM

Regency Centers Corp., a Jacksonville, Fla.-based real estate investment trust said its operating partnership, Regency Centers LP, has completed the sale of $150 million of 6.0% 10-year senior unsecured notes. 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 Dec. 15, 2010. The net proceeds will be used to repay near-term maturing indebtedness and for general corporate purposes of the shopping center REIT. 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.