trending Market Intelligence /marketintelligence/en/news-insights/trending/aE9nquTppJZcHh6htnLq4A2 content esgSubNav
In This List

Underwriters exercise overallotment option in Regency Centers common stock offering

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization


Underwriters exercise overallotment option in Regency Centers common stock offering

The underwriters of RegencyCenters Corp.'s offeringof 4,350,000 common shares fully exercised their option to acquire 652,500 additionalshares.

The offering, which comprises a total of 5,002,500 shares includingthe underwriters' option, is expected to close July 15.

The company expects to use the net proceeds to fully repay itsoutstanding $300 million of 5.875% senior unsecured notes due June 15, 2017, includinga roughly $13 million make-whole premium, and to pay some $45 million to settlean existing interest-rate swap. The remaining funds will go toward investment activitiesand for general corporate purposes.

Merrill Lynch Pierce Fenner & Smith Inc. and Wells FargoSecurities LLC are serving as representatives of the offering's underwriters.