---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-006607"
form_type: "8-K"
ticker: null
cik: "0001901876"
company_name: "Federal Realty OP LP"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:40:00.209271+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Federal Realty OP LP issues $485M 3.25% exchangeable notes due 2029, enters capped calls

## Summary
- Issued $485M (incl. $60M greenshoe) of 3.25% exchangeable senior notes due Jan 2029, sold in private placement.
- Notes exchangeable into FRT common shares at $122.80 per share, subject to adjustment; cash settlement with optional stock/cash excess.
- Entered capped call transactions to reduce dilution; cap price ~$143.26 per share (40% premium over Jan 8 close of $102.33).
- Net proceeds to repay indebtedness and general corporate purposes; may temporarily reduce revolver.
- Registration rights agreement to register shares issuable upon exchange; additional interest if registration delayed.

## SEC filing metadata
- accession: 0001193125-24-006607
- form_type: 8-K
- cik: 0001901876
- company_name: Federal Realty OP LP
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901876/000119312524006607/0001193125-24-006607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34903/000119312524006607/d712379d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-006607
- JSON: https://secwatch.observer/filing/0001193125-24-006607.json
- Plain text: https://secwatch.observer/filing/0001193125-24-006607.txt

## Key facts
- Debt Financings
  Federal Realty OP LP incurred senior notes maturing due 2029.
  - Instrument: senior notes
  - Maturity: due 2029
  - Event: incurrence
  source text: The information set forth below under the heading “3.25% Exchangeable Senior Notes due 2029” in Item 8.01 is incorporated by reference under this Item 2.03.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901876/000119312524006607/0001193125-24-006607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.