Regency Centers, L.P. Completes $350 Million SEC-Registered Offering of Notes

January 26, 2017

Regency Centers, L.P. completed an SEC-registered offering of $350 million aggregate principal amount of 3.600% notes due 2027 and $300 million aggregate principal amount of 4.400% notes due 2047, each guaranteed by its parent Regency Centers Corporation. S&C was counsel to the underwriters in the offering.

Regency intends to use the net proceeds of the offering to repay certain debt of Equity One, Inc. it is assuming in connection with its acquisition of Equity One, to redeem preferred shares and to fund investment activities.

With more than 50 years of experience, Regency Centers Corporation is the preeminent national owner, operator and developer of high quality, grocery anchored neighborhood and community shopping centers. Regency's portfolio of 307 retail properties encompasses over 42.1 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 223 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

The S&C team included Robert Downes, Lily Colahan and Michael Williams. Jeffrey Hochberg, Saul Brander and Andrew Motten advised on tax matters, and Tracey Russell advised on FINRA and blue sky matters.