Regency Centers closes on replacement $600 million revolving bank loan

By Aleesia Forni

Columbus, Ohio, Sept. 7 - Regency Centers Corp. closed on the refinancing of its $600 million revolving credit facility, according to a company press release on Wednesday.

Based on the company's credit rating, the facility bears an interest of Libor plus 125 basis points.

The facility is set to mature in September 2015. The company may request a single one-year extension to the facility.

The facility also contains an accordion feature, allowing it to increase the borrowings to $1 billion.

Wells Fargo Securities LLC and PNC Capital Markets LLC are joint lead arrangers and joint book managers. Wells Fargo Bank NA is administrative agent. PNC Bank NA is syndication agent. Bank of America NA, JPMorgan Chase Bank NA and SunTrust Bank are documentation agents.

Regency Centers is a Jacksonville, Fla.-based real estate investment trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.