debt
confidence high
sentiment neutral
materiality 0.50
Brixmor increases tender cap to $199.6M, fully subscribed for 3.65% notes due 2024
Brixmor Property Group Inc.
- Tender offer for $150M of 3.650% Senior Notes due 2024; cap raised to $199.648M after oversubscription.
- $199.648M in principal validly tendered by early deadline (April 21); offer fully subscribed.
- Total consideration set at $972.98 per $1,000 principal, including $30 early tender premium.
- Settlement expected April 25, 2023; accrued interest also payable to holders.
- Notes have $500M outstanding; repurchase reduces near-term debt maturity exposure.