Regency CentersCorp. closed a public offeringof 5,002,500 common shares, generating roughly $400 million in gross proceeds.

The underwriters of the offering fully exercised their overallotment option.

Part of the proceeds will go toward redeeming the company's outstanding$300 million 5.875% senior unsecured notes due June 2017.

Regency plans to redeem the notes Aug. 12. It expects the redemptionprice to be approximately $316 million, including accrued and unpaid interest throughthe proposed redemption date and a make-whole amount.