---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-344547"
form_type: "8-K"
ticker: null
cik: "0001901876"
company_name: "Federal Realty OP LP"
filed_at: "2026-08-11T20:01:31+00:00"
generated_at: "2026-08-11T20:03:38.766034+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Federal Realty OP LP issues $460M of 3.500% exchangeable senior notes due 2031

## Summary
- $460M aggregate principal of 3.500% Exchangeable Senior Notes due 2031 issued Aug 11, 2026; includes $60M from option exercise.
- Notes mature Aug 15, 2031; semiannual interest begins Feb 15, 2027; exchange rate 7.2179 shares/$1,000 (~$138.54/share).
- Proceeds fund capped call transactions and repay indebtedness; capped call cap price ~$165.07/share (~40% premium over $117.91 close).
- Notes are senior unsecured obligations, rank pari passu with existing unsecured debt; sold under Rule 144A/Section 4(a)(2).
- Capped calls expected to reduce potential dilution to FRT common shares upon exchange of Notes.

## SEC filing metadata
- accession: 0001193125-26-344547
- form_type: 8-K
- cik: 0001901876
- company_name: Federal Realty OP LP
- filed_at: 2026-08-11T20:01:31+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901876/000119312526344547/0001193125-26-344547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34903/000119312526344547/d117646d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-344547
- JSON: https://secwatch.observer/filing/0001193125-26-344547.json
- Plain text: https://secwatch.observer/filing/0001193125-26-344547.txt

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