Brixmor will redeem $500 million 3.25% senior notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Aug. 18 – Brixmor Property Group Inc. announced Brixmor Operating Partnership LP will redeem all of its $500 million of outstanding 3.25% senior notes due 2023 (Cusip: 11120VAD5) on Sept. 2, according to a press release.

The notes will be redeemed at a make-whole price calculated in accordance with the indenture plus accrued interest.

The notes were issued on Jan. 21, 2015.

Bank of New York Mellon is the paying agent for the redemption.

Brixmor owns and develops retail shopping centers. The real estate investment trust is based in New York.

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