NEW YORK, Aug. 11, 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 $500 million aggregate principal amount of 2.500%
Senior Notes due 2031 (the "Notes"). The Notes will be issued at
99.675% of par value with a coupon of 2.500%. Interest on the Notes
is payable semi-annually on February
16 and August 16 of each year,
beginning February 16, 2022. The
Notes will mature on August 16, 2031.
The offering is expected to close on August
16, 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
repurchasing or redeeming some or all of the Company's outstanding
3.250% Senior Notes due 2023. BofA Securities, Inc., BMO Capital
Markets Corp., Citigroup Global Markets Inc. and Mizuho Securities
USA 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: BofA Securities, Inc. by calling
toll-free at 1-800-294-1322 or emailing to
dg.prospectus_requests@bofa.com, BMO Capital Markets Corp. by
calling toll-free at 1-866-864-7760, Citigroup Global Markets Inc.
by calling toll-free at 1-800-831-9146 or Mizuho Securities
USA LLC by calling toll-free at
1-866-271-7403.
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
389 retail centers comprise approximately 68 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 and Ross
Stores.
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 and the Company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, 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 or
results to differ materially from forward-looking statements is the
adverse effect of the current pandemic of the novel coronavirus, or
COVID-19, on the financial condition, operating results and cash
flows of the Company, the Company's tenants, the real estate
market, the financial markets and the global economy. The COVID-19
pandemic has impacted the Company and its tenants significantly,
and the extent to which 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 their
deployment, public adoption rates of COVID-19 vaccines and their
effectiveness against emerging variants of COVID-19, such as the
Delta variant, the direct and indirect economic effects of the
pandemic and containment measures, and potential sustained changes
in consumer behavior, 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.