Weingarten Realty launches upsized $300 million 10-year notes at Treasuries plus 180 bps

By Andrea Heisinger

New York, Oct. 1 - Weingarten Realty Investors launched an upsized $300 million offering of 10-year notes on Monday, a market source said.

The notes (Baa2/BBB/) were launched at 180 basis points over Treasuries. The deal size was increased from $250 million.

Bookrunners are Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

Proceeds will be used to repay amounts under a $500 million revolving credit facility, to retire some or all 3.95% convertible senior notes and for general business purposes.

The real estate investment trust for shopping centers and commercial real estate is based in Houston.

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