Regency Centers Corp. increased its unsecured revolving credit facility to $1.25 billion from $1.0 billion and extended its maturity date to March 23, 2022, with two six-month extension options.

The loan will carry interest at an annual rate of the London Interbank Offered Rate plus 87.5 basis points, subject to the company's credit ratings, compared to the previous facility's rate of 92.5 basis points.

A syndication of 13 U.S. and international banks, led by Wells Fargo Securities LLC, holds the facility.

Wells Fargo Securities LLC and PNC Capital Markets LLC are acting as joint book runners and lead arrangers for the facility. Wells Fargo Bank NA is administrative agent, while PNC Bank NA is syndication agent.

U.S. Bank NA, Suntrust Robinson Humphrey Inc. and Regions Capital Markets, a division of Regions Bank, are serving as joint lead arrangers and documentation agents.

Bank of America NA, JPMorgan Chase Bank NA, and Mizuho Bank Ltd. are co-documentation agents. BMO Harris Bank NA, Branch Banking and Trust Co., Sumitomo Mitsui Banking Corp. and TD Bank NA, are serving as senior managing agents. Comerica Bank is also a participant in the facility.