PROSPECTUS SUPPLEMENT
(To Prospectus Dated June 14, 2021)
$250,000,000
SITE CENTERS CORP.
Common Shares
We may offer and
sell up to $250,000,000 in the aggregate of our common shares from time to time through any of BNY Mellon Capital Markets, LLC, which we refer to as BNYMCM, BTIG, LLC, which we refer to as BTIG, Capital One Securities, Inc., which we refer to as
Capital One Securities, Evercore Group L.L.C., which we refer to as Evercore, Jefferies LLC, which we refer to as Jefferies, KeyBanc Capital Markets Inc., which we refer to as KBCM, RBC Capital Markets, LLC, which we refer to as RBC, Regions
Securities LLC, which we refer to as Regions, Scotia Capital (USA) Inc., which we refer to as Scotiabank, Stifel, Nicolaus & Company, Incorporated, which we refer to as Stifel, TD Securities (USA) LLC, which we refer to as TD Securities, or
Wells Fargo Securities, LLC, which we refer to as Wells Fargo Securities, under separate sales agency financing agreements, each dated or amended as of December 6, 2019, and each amended or further amended as of June 15, 2021. We refer to
BNYMCM, BTIG, Capital One Securities, Evercore, Jefferies, KBCM, RBC, Regions, Scotiabank, Stifel, TD Securities and Wells Fargo Securities, collectively, as the sales agents. The sales agency financing agreements with each of BNYMCM, Jefferies,
KBCM, RBC, Scotiabank, Stifel, TD Securities and Wells Fargo Securities provide that, in addition to the issuance and sale of common shares by us through the sales agents, we also may enter into forward sale agreements under separate master forward
sale agreements and related supplemental confirmations, between us and BNYMCM, Jefferies, KBCM, RBC, Scotiabank, Stifel, TD Securities or Wells Fargo Securities, or one of their affiliates. We refer to these entities, when acting in such capacity,
as forward purchasers. In connection with each such forward sale agreement, the relevant forward purchaser will, at our request and subject to the terms and conditions in the forward sale agreements, borrow from third parties and, through the
relevant sales agent, sell a number of our common shares equal to the number of common shares underlying such forward sale agreement to hedge such forward sale agreement. We refer to sales agents, when acting as agents for forward purchasers, as
forward sellers. In no event will the aggregate number of common shares sold through the sales agents, each as an agent for us and, if applicable, as a forward seller, under the sales agency financing agreements have an aggregate sales price in
excess of $250,000,000.
As of the date of this prospectus supplement, we have not sold any common shares under the sales agency financing
agreements. Accordingly, common shares having an aggregate offering price of up to $250,000,000 remain available for offer and sale pursuant to this prospectus supplement.
We will not receive any proceeds from the sale of borrowed common shares by a forward seller. We expect to receive proceeds from the sale of
common shares, subject to certain adjustments, upon future physical settlement(s) of the relevant forward sale agreement with the relevant forward purchaser on dates specified by us on or prior to the maturity date of such forward sale agreement. If
we elect to cash settle or net share settle a forward sale agreement, we may not receive any proceeds (in the case of cash settlement) or will not receive any proceeds (in the case of net share settlement), and we may owe cash (in the case of cash
settlement) or common shares (in the case of net share settlement) to the relevant forward purchaser.
Our common shares will be offered at
market prices prevailing at the time of sale. We will pay each sales agent a commission at a mutually agreed rate that will not exceed, but may be lower than, 2.0% of the sales price of all common shares sold through it as our sales agent under the
applicable sales agency financing agreement. In connection with each forward sale agreement, the relevant forward seller will receive, in the form of a reduced initial forward sale price, commissions at a mutually agreed rate that will not exceed,
but may be lower than, 2.0% of the volume-weighted average of the sales prices of all borrowed common shares sold during the applicable period by it as a forward seller.
Our common shares are listed on the New York Stock Exchange, or the NYSE, under the symbol SITC. The last reported sale price of our
common shares on the NYSE on June 14, 2021 was $15.66 per share.
To assist us in maintaining our qualification as a real estate investment
trust, or REIT, for federal income tax purposes, our articles of incorporation contain certain restrictions on ownership of our common shares. See Description of Common SharesRestrictions on Ownership in the accompanying
prospectus.
Investing in our common shares involves risks. Before investing in our common shares, you should carefully read the
discussion of risks on page S-2 of this prospectus supplement under the heading Risk Factors.
Neither the Securities and Exchange Commission, or the SEC, nor any state securities commission has approved or disapproved of these
securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
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BNY Mellon Capital
Markets, LLC
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BTIG
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Capital One Securities
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Evercore ISI
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Jefferies
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KeyBanc Capital Markets
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RBC Capital Markets
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Regions Securities LLC
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Scotiabank
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Stifel
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TD Securities
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Wells Fargo Securities
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The date of this prospectus supplement is June 15, 2021.