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.