The debt includes a pro-rata share of existing debt of its Macquarie CountryWide-Regency II fund. Proceeds are also earmarked for general corporate purposes.
According to the statement from Regency Centers' headquarters, Regency anticipates entering into forward sale agreements with affiliate of J.P. Morgan and Wells Farbo Securities as forward purchasers. Furthermore, Regency Centers will grant underwriters a 30-day option top purchase up to 1.2 million shares of common stock to cover any over-allotments.
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