BRIXMOR PROPERTY GROUP PRICES OFFERING OF SENIOR NOTES
Brixmor Property Group (NYSE: BRX) announced the pricing of $400 million in senior notes due 2033 through its operating partnership. The notes will be issued at 99.849% of par value with a 4.850% coupon, with interest payable semi-annually starting February 15, 2026.
The offering, expected to close on September 9, 2025, will be managed by Wells Fargo Securities, BofA Securities, Mizuho Securities USA, and Truist Securities. The company plans to use the proceeds for general corporate purposes, including potential debt repayment.
Brixmor Property Group (NYSE: BRX) ha annunciato il prezzo di emissione di 400 milioni di dollari in senior notes con scadenza 2033 attraverso la sua partnership operativa. Le obbligazioni saranno emesse al 99,849% del valore nominale con una cedola del 4,850%, con interessi pagabili semestralmente a partire dal 15 febbraio 2026.
L'offerta, il cui closing è previsto per il 9 settembre 2025, sarà gestita da Wells Fargo Securities, BofA Securities, Mizuho Securities USA e Truist Securities. La società intende utilizzare i proventi per scopi aziendali generali, inclusa l'eventuale estinzione di debito.
Brixmor Property Group (NYSE: BRX) anunció la fijación del precio de 400 millones de dólares en senior notes con vencimiento en 2033 a través de su sociedad operativa. Las notas se emitirán al 99,849% del valor nominal con un cupón del 4,850%, y los intereses se pagarán semestralmente a partir del 15 de febrero de 2026.
Se espera que la colocación, cuyo cierre está previsto para el 9 de septiembre de 2025, sea coordinada por Wells Fargo Securities, BofA Securities, Mizuho Securities USA y Truist Securities. La empresa planea destinar los fondos a fines corporativos generales, incluida la posible amortización de deuda.
Brixmor Property Group (NYSE: BRX)는 운영 파트너십을 통해 2033년 만기 4억 달러 규모의 선순위 채권 발행 가격을 공시했습니다. 해당 채권은 액면가의 99.849%에 발행되며, 4.850% 쿠폰이 적용되고 이자는 2026년 2월 15일부터 반기별로 지급됩니다.
해당 공모는 2025년 9월 9일 마감될 예정이며 Wells Fargo Securities, BofA Securities, Mizuho Securities USA, Truist Securities가 주관합니다. 회사는 수익금을 일반 기업 목적, 잠재적 부채 상환 등에 사용할 계획입니다.
Brixmor Property Group (NYSE: BRX) a annoncé le prix d'émission de 400 millions de dollars de senior notes arrivant à échéance en 2033 via sa société d'exploitation. Les titres seront émis à 99,849% de la valeur nominale avec un coupon de 4,850%, les intérêts étant payables semestriellement à compter du 15 février 2026.
L'opération, dont la clôture est prévue le 9 septembre 2025, sera dirigée par Wells Fargo Securities, BofA Securities, Mizuho Securities USA et Truist Securities. La société prévoit d'utiliser le produit pour des besoins généraux de l'entreprise, y compris le remboursement éventuel de dette.
Brixmor Property Group (NYSE: BRX) gab die Preisfestsetzung für 400 Millionen US-Dollar an Senior Notes mit Fälligkeit 2033 über seine Betriebspartnerschaft bekannt. Die Schuldverschreibungen werden zu 99,849% des Nennwerts ausgegeben und weisen eine 4,850% Kuponrate auf; die Zinszahlungen erfolgen halbjährlich ab dem 15. Februar 2026.
Das Closing des Angebots, das voraussichtlich am 9. September 2025 stattfindet, wird von Wells Fargo Securities, BofA Securities, Mizuho Securities USA und Truist Securities betreut. Das Unternehmen plant, die Erlöse für allgemeine Unternehmenszwecke, einschließlich möglicher Schuldentilgung, zu verwenden.
- New $400 million senior notes offering strengthens company's debt profile
- Relatively favorable 4.850% interest rate in current market conditions
- Proceeds can be used to refinance existing debt, potentially improving financial flexibility
- Additional long-term debt obligation through 2033
- Slight discount to par value (99.849%) on issuance
Insights
Brixmor's new $400M bond offering at 4.85% strengthens its financial position while managing debt costs in the current rate environment.
Brixmor Property Group has successfully priced a
The semi-annual interest payment structure is standard for corporate bonds, with payments scheduled for February and August. This
This suggests Brixmor is likely refinancing existing debt that may have higher interest rates or approaching maturities. By securing this 8-year financing now, the REIT is proactively managing its debt maturity ladder and potentially reducing its overall borrowing costs. The pricing reflects current market conditions where investment-grade REITs like Brixmor can still access capital at reasonable rates.
The involvement of multiple major financial institutions as joint book-runners (Wells Fargo, BofA Securities, Mizuho, and Truist) indicates strong institutional support for this offering. This debt issuance demonstrates Brixmor's continued access to capital markets and its focus on maintaining financial flexibility in its retail property portfolio operations.
The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes, which may include repayment of outstanding indebtedness. Wells Fargo Securities, LLC, BofA Securities, Inc., Mizuho Securities
The Operating Partnership has filed an effective registration statement (including a prospectus supplement and accompanying base prospectus) with the Securities and Exchange Commission (the "SEC") relating to the offering to which this communication relates. Before making an investment in the Notes, potential investors should read the prospectus supplement, the accompanying prospectus and the other documents that the Company and the Operating Partnership have filed with the SEC for more complete information about us and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from: Wells Fargo Securities, LLC by calling 1-800-645-3751, BofA Securities, Inc. by calling 1-800-294-1322, Mizuho Securities
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering of the Notes and the accompanying prospectus.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 360 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.
Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international military conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our property portfolio; (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; and (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
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SOURCE Brixmor Property Group Inc.
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