NEW YORK, Aug. 18, 2021 /PRNewswire/ -- Brixmor
Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company")
announced today that its operating partnership, Brixmor Operating
Partnership LP (the "Operating Partnership"), will redeem
$500,000,000.00 aggregate principal
amount of its 3.250% Senior Notes due 2023 (CUSIP Number 11120V
AD5) (the "Senior Notes"), representing all of the outstanding
Senior Notes, on September 2, 2021
(the "Redemption Date"). The Senior Notes were issued pursuant to
an Indenture, dated as of January 21,
2015 (the "Base Indenture"), between the Operating
Partnership and The Bank of New York Mellon, as trustee (the
"Trustee"), as supplemented by the Fourth Supplemental
Indenture, dated as of August 24,
2016, by and between the Operating Partnership and the
Trustee (the "Fourth Supplemental Indenture" and, together with the
Base Indenture, the "Indenture").
Pursuant to the terms of the Senior Notes, the Senior Notes will
be redeemed at a price equal to the principal amount of the Senior
Notes plus a make-whole premium calculated pursuant to the terms of
the Indenture, together with accrued and unpaid interest, if any,
up to, but excluding, the Redemption Date.
A notice of redemption and related materials were mailed to
holders of record of the Senior Notes on August 18, 2021. Holders that hold their Senior
Notes through the Depository Trust Company ("DTC") will be redeemed
in accordance with the applicable procedures of DTC. Questions
relating to the notice of redemption and related materials should
be directed to The Bank of New York Mellon, in its capacity as
paying agent for the redemption of the Senior Notes, at
1-800-254-2826.
This news release shall 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 in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
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.
Brixmor announces material information to its investors in SEC
filings and press releases and on public conference calls, webcasts
and the "Investors" page of its website at www.brixmor.com. The
Company also uses social media to communicate with its investors
and the public, and the information Brixmor posts on social media
may be deemed material information. Therefore, Brixmor encourages
investors and others interested in the Company to review the
information that it posts on its website and on its social media
channels.
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.