Retail Opportunity Investments to price senior notes due 2023

By Aleesia Forni

Virginia Beach, Dec. 4 - Retail Opportunity Investments Partnership LP is eyeing an offering of senior notes due 2023, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be fully and unconditionally guaranteed by Retail Opportunity Investments Corp.

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

Proceeds will be used to repay and refinance debt, including borrowings under the company's $350 million unsecured revolving credit facility and its $200 million unsecured term loan, and for general corporate purposes.

San Diego-based Retail Opportunity is a self-managed real estate investment trust focusing on the acquisition, ownership and management of necessity-based community and neighborhood shopping centers that are anchored by national or regional supermarkets and drugstores.

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