debt
confidence high
sentiment neutral
materiality 0.55
Brixmor Operating Partnership issues $400M of 5.750% Senior Notes due 2035
Brixmor Property Group Inc.
- $400M of 5.750% Senior Notes due 2035 issued May 28, 2024.
- Interest paid semiannually Feb 15 and Aug 15; first payment Aug 15, 2024; matures Feb 15, 2035.
- Notes are unsecured, unsubordinated; rank equally with existing unsecured debt; not guaranteed by parent.
- Proceeds for general corporate purposes, including repayment of indebtedness.
- Redemption: make-whole prior to Nov 15, 2034; thereafter at par plus accrued interest.