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SITE Centers discloses pricing terms of tender offer for up to $250M of notes

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SITE Centers discloses pricing terms of tender offer for up to $250M of notes

SITE Centers Corp., formerly known as DDR Corp., set the pricing terms of its cash tender offer for up to $250.0 million of its 4.625% notes due 2022.

The offering's early tender deadline expired Dec. 12, and tendered notes as of the deadline are expected to receive a total consideration of $1,035.18 per $1,000 principal amount of the notes accepted for purchase.

The shopping center real estate investment trust expects that the settlement date for notes validly tendered and not validly withdrawn as of the early tender deadline and accepted for purchase will be Dec. 14.

J.P. Morgan Securities LLC is the dealer manager for the offer, for which D.F. King & Co. Inc. functions as the information agent and tender agent.