Brixmor Property Group Inc. (NYSE: BRX) announced today that its operating partnership, Brixmor Operating Partnership LP, priced an offering of$600 million aggregate principal amount of 4.125% Senior Notes due 2026 (the "Notes"). The Notes will be issued at 99.328% of par value with a coupon of 4.125%. Interest on the Notes is payable semi-annually onJune 15 and December 15 of each year, commencing December 15, 2016. The Notes will mature on June 15, 2026. The offering is expected to close on June 13, 2016, subject to customary closing conditions.
The Operating Partnership expects to use the net proceeds from this offering to refinance maturing indebtedness and for general corporate purposes. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
The Operating Partnership has filed an effective registration statement (including a prospectus supplement and accompanying base prospectus) with the Securities and Exchange Commission (the "SEC") relating to the offering to which this communication relates. Before making an investment in the Notes, potential investors should read the prospectus supplement, the accompanying prospectus and the other documents that we and the Operating Partnership have filed with the SEC for more complete information about us and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from: Citigroup Global Markets Inc. by mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (800) 831-9146 or by emailingprospectus@citi.com; Merrill Lynch, Pierce, Fenner & Smith Incorporated, by mail at Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, by calling (800) 294-1322 or by emailing dg.prospectus_requests@baml.com; or Wells Fargo Securities, LLC by mail at Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, by calling (800) 645-3751 or by emailing: wfscustomerservice@wellsfargo.com.
About Brixmor Property Group
Brixmor owns and operates the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 518 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through strategic leasing and anchor space repositioning / redevelopment initiatives. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company.
