debt
confidence high
sentiment neutral
materiality 0.50
Brixmor OP issues $500M 2.500% Senior Notes due 2031; proceeds for general corporate purposes
Brixmor Property Group Inc.
- $500M aggregate principal of 2.500% Senior Notes due 2031 issued on August 16, 2021.
- Interest payable semi-annually on Feb 16 and Aug 16, commencing Feb 16, 2022; maturity Aug 16, 2031.
- Net proceeds for general corporate purposes, may include repurchasing/redemption of outstanding 3.250% Senior Notes due 2023.
- Notes are unsecured, unsubordinated obligations ranking equally with existing and future unsecured debt.
- Underwriting agreement with BofA Securities, BMO, Citigroup, Mizuho as representatives.