Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JACKSONVILLE-Locally based Regency Centers Corp. plans to offer 8 million shares of its common stock through an underwritten public offering. According to information released from the retail REIT, the company will use proceeds to cover over-allotment to repay or refinance maturing 2010 debt.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.