NEW YORK, March 2, 2021 /PRNewswire/ -- Brixmor
Property Group Inc. (NYSE: BRX) (the "Company") announced today
that its operating partnership, Brixmor Operating Partnership LP
(the "Operating Partnership"), priced an offering of $350 million aggregate principal amount of 2.250%
Senior Notes due 2028 (the "Notes"). The Notes will be issued at
99.817% of par value with a coupon of 2.250%. Interest on the Notes
is payable semi-annually on April 1
and October 1 of each year,
commencing October 1, 2021. The
Notes will mature on April 1,
2028. The offering is expected to close on March 5, 2021, subject to customary closing
conditions.
The Operating Partnership intends to use the net proceeds from
this offering for general corporate purposes, which may include
repaying all or a portion of the Company's 350.0 million term loan
that matures on December 12,
2023. Barclays Capital Inc., J.P. Morgan Securities LLC,
Truist Securities, Inc. 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: Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 1-888-603-5847
or by emailing barclaysprospectus@broadridge.com; J.P. Morgan
Securities LLC, 383 Madison Avenue, New
York, NY 10179, Attention: Investment Grade Syndicate Desk,
3rd Floor, or by telephone: 1-212-834-4533; Truist Securities,
Inc., 303 Peachtree Street, Atlanta,
GA 30308, Attn: Prospectus Dept, or by telephone at (800)
685-4786; or Wells Fargo Securities, LLC,, 608 2nd Avenue South,
Suite 1000, Minneapolis, MN 55402,
Attn: WFS Customer Service, Email:
wfscustomerservice@wellsfargo.com, Toll-Free: 1-800-645-3751.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these Notes in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Any offer or sale of the Notes will be made
only by means of a prospectus supplement relating to the offering
of the Notes and the accompanying prospectus.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a real estate investment trust (REIT)
that owns and operates a high-quality, national portfolio of
open-air shopping centers. Its 393 retail centers comprise
approximately 69 million square feet of prime retail space in
established trade areas. The Company strives to own and
operate shopping centers that reflect Brixmor's vision "to be the
center of the communities we serve" and are home to a diverse mix
of thriving national, regional and local retailers. Brixmor
is a proud real estate partner to approximately 5,000 retailers
including The TJX Companies, The Kroger Co., Publix Super Markets,
Wal-Mart, Ross Stores and L.A.
Fitness.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements include, but are not limited to, statements related to
the Company's expectations regarding the performance of its
business, its financial results, its liquidity and capital
resources and other non-historical statements. You can
identify these forward-looking statements by the use of words such
as "outlook," "believes," "expects," "potential," "continues,"
"may," "will," "should," "seeks," "projects," "predicts,"
"intends," "plans," "estimates," "anticipates" or the negative
version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties, including those described under the sections
entitled "Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2020, as such factors
may be updated from time to time in our periodic filings with the
SEC, which are accessible on the SEC's website at www.sec.gov.
Currently, one of the most significant factors that could cause
actual outcomes to differ materially from forward-looking
statements is the adverse effect of the current pandemic of the
novel coronavirus, or COVID-19, or any mutations thereof, on the
financial condition, operating results and cash flows of the
Company, the Company's tenants, the real estate market, the global
economy and the financial markets. The COVID-19 pandemic has
impacted us and our tenants significantly, and the extent that it
continues to impact the Company and its tenants will depend on
future developments, which are highly uncertain and cannot be
predicted with confidence, including the scope, severity and
duration of the pandemic, the speed and effectiveness of vaccine
and treatment developments and deployment, potential mutations of
COVID-19, including SARS-CoV-2 and the response thereto, the direct
and indirect economic effects of the pandemic and containment
measures, and the potential for changes in consumer behavior to be
sustained, among others. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this release and in the Company's filings with the SEC. The
Company undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law.
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SOURCE Brixmor Property Group Inc.