Regency Centers intends to sell $250 million 10-year notes Monday

By Aleesia Forni

Virginia Beach, Aug. 10 – Regency Centers LP is set to price a $250 million offering of senior notes due 2025 on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, BofA Merrill Lynch, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to pay amounts outstanding on the company’s line of credit.

The notes will be guaranteed by Regency Centers Corp., a Jacksonville, Fla., real estate investment trust that owns retail shopping centers.

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