Retail Opportunity Investments Corp. Agrees to Sell $250 Million of Senior Unsecured Notes Due 2027
November 13 2017 - 9:25AM
Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today
that it has agreed to sell $250 million principal amount of 4.19%
Senior Unsecured Notes in a private placement which represented a
spread of 185 basis points over the 10-year U.S. Treasury Yield at
the time of pricing. ROIC expects to issue the notes in December
2017. The notes will mature on the ten year anniversary of their
issuance.
Proceeds from the financing will be used to
repay amounts outstanding under ROIC’s $600 million unsecured
revolving credit facility and for general corporate purposes.
The Senior Unsecured Notes have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the "Act") or any state securities laws and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Act
and applicable state securities laws. This press release is for
information only, does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale of any securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
ABOUT RETAIL OPPORTUNITY INVESTMENTS
CORP.
Retail Opportunity Investments Corp.
(NASDAQ:ROIC), is a fully-integrated, self-managed real estate
investment trust (REIT) that specializes in the acquisition,
ownership and management of grocery-anchored shopping centers
located in densely-populated, metropolitan markets across
the West Coast. As of September 30, 2017, ROIC owned 87
shopping centers encompassing approximately 10.0 million square
feet. ROIC is the
largest publicly-traded, grocery-anchored shopping
center REIT focused exclusively on the West Coast. ROIC
is a member of the S&P SmallCap 600 Index and has
investment-grade corporate debt ratings from Moody's Investor
Services and Standard & Poor’s Global Ratings. Additional
information is available at: www.roireit.net.
When used herein, the words "believes,"
"anticipates," "projects," "should," "estimates," "expects,"
“guidance” and similar expressions are intended to identify
forward-looking statements with the meaning of that term in Section
27A of the Securities Act of 1933, as amended, and in Section 21F
of the Securities and Exchange Act of 1934, as amended. Certain
statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause the actual results of ROIC to differ materially from future
results expressed or implied by such forward-looking
statements. Information regarding such risks and
factors is described in ROIC's filings with the SEC, including its
most recent Annual Report on Form 10-K, which is available at:
www.roireit.net.
Contact:Ashley Rubino, Investor
Relations858-255-4913arubino@roireit.net
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