Regency Centers Corporation (NASDAQ: REG) has priced a $450 million public offering of senior unsecured notes maturing March 15, 2033, with a coupon rate of 4.50%. The notes were issued at 99.376% of par value, representing a modest discount to face value. Settlement of the offering is expected to occur on February 23, 2026.
The real estate investment trust plans to deploy the net proceeds across multiple capital priorities. The company will utilize funds to reduce borrowings on its revolving line of credit, repay $100 million in senior notes scheduled to mature in May 2026, and support ongoing capital expenditures and development projects. This financing approach allows the company to manage its debt maturity profile while maintaining liquidity for operational and strategic initiatives.
The offering reflects Regency Centers' continued access to the capital markets at competitive rates, enabling the REIT to refinance near-term obligations and fund its portfolio enhancement activities. The seven-year maturity aligns with the company's medium-term financing strategy and extends its average debt maturity profile.