Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
August 07 2017 - 4:49PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Dated August 7, 2017
Registration Statement No. 333-205059
Relating to
Preliminary Prospectus
Supplement Dated August 7, 2017 to
Prospectus dated June 18, 2015
DDR Corp.
Term Sheet
dated August 7, 2017
$350,000,000 3.900% Notes due 2024
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Issuer:
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DDR Corp.
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Security:
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3.900% Notes due 2024
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Size:
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$350,000,000 aggregate principal amount
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Maturity Date:
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August 15, 2024
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Interest Payment Dates:
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February 15 and August 15, beginning February 15, 2018
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Record Dates:
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Fifteen calendar days prior to an interest payment date
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Benchmark Treasury:
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2.125% due July 31, 2024
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Benchmark Treasury Yield and Price:
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2.074%; 100-10+
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Yield to Maturity:
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3.949%
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Spread to Benchmark Treasury:
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T+187.5 basis points
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Coupon (Interest Rate):
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3.900% per year
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Price to Public:
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99.703% of principal amount, plus accrued interest, if any, from August 16, 2017
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Trade Date:
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August 7, 2017
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Settlement Date:
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T+7; August 16, 2017
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Redemption Provision:
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Make whole call based on U.S. Treasury plus 30 basis points (0.30%); provided, that if redeemed on or after June 15, 2024 redeemed at par
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CUSIP/ISIN:
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23317H AG7 / US23317HAG74
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Expected Ratings* (Moody’s/S&P/Fitch):
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Baa2/BBB-/BBB- (Negative / Stable / Stable)
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Joint Book-Running Managers:
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Citigroup Global Markets Inc.
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Goldman Sachs & Co. LLC
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U.S. Bancorp Investments, Inc.
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J.P. Morgan Securities LLC
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Senior Co-Managers:
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KeyBanc Capital Markets Inc.
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Regions Securities LLC
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Scotia Capital (USA) Inc.
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BNY Mellon Capital Markets, LLC
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Capital One Securities, Inc.
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Co-Managers:
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FTN Financial Securities Corp.
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The Huntington Investment Company
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SMBC Nikko Securities America, Inc.
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The Williams Capital Group, L.P.
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*Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security.
The Issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) with the Securities and Exchange
Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the prospectus in that registration statement and other documents the Issuer has
filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC’s Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer
participating in the offering will arrange to send you the preliminary prospectus supplement and the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Goldman Sachs & Co. LLC toll-free at
1-866-471-2526 or U.S. Bancorp Investments, Inc. toll-free at
1-877-558-2607.
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