[8-K] Regency Centers Corporation Reports Material Event
Item 3.02: On 23 Jul 2025 Regency Centers, L.P., the operating partnership of Regency Centers Corp. (REG), issued 2,773,083 limited common partnership units at $72.00 each, raising roughly $200 million under the Section 4(a)(2) private-placement exemption. Proceeds are being used to help fund the acquisition of five grocery-anchored shopping centers in Orange County, CA.
The units carry an initial lock-up period and may thereafter be exchanged, at holder option and the Company’s discretion, for cash or one share of REG common stock, introducing potential dilution. No other securities were registered.
Item 7.01: A press release dated 24 Jul 2025 (Ex. 99.1) confirms the transaction’s closing; the release is furnished, not filed. No financial statements accompanied this Form 8-K.
Voce 3.02: Il 23 luglio 2025 Regency Centers, L.P., la società operativa di Regency Centers Corp. (REG), ha emesso 2.773.083 unità di partnership limitate comuni a 72,00 $ ciascuna, raccogliendo circa 200 milioni di dollari ai sensi dell’esenzione per collocamento privato prevista dalla Sezione 4(a)(2). I proventi saranno utilizzati per finanziare l’acquisizione di cinque centri commerciali ancorati a supermercati nella Contea di Orange, CA.
Le unità prevedono un periodo iniziale di lock-up e successivamente possono essere scambiate, a scelta del detentore e a discrezione della Società, in contanti o in una azione ordinaria REG, introducendo una possibile diluizione. Non sono stati registrati altri titoli.
Voce 7.01: Un comunicato stampa datato 24 luglio 2025 (Ex. 99.1) conferma la chiusura della transazione; il comunicato è fornito ma non depositato. Nessun bilancio è stato allegato a questo modulo 8-K.
Artículo 3.02: El 23 de julio de 2025 Regency Centers, L.P., la sociedad operativa de Regency Centers Corp. (REG), emitió 2.773.083 unidades limitadas de asociación común a 72,00 $ cada una, recaudando aproximadamente 200 millones de dólares bajo la exención de colocación privada de la Sección 4(a)(2). Los ingresos se están utilizando para ayudar a financiar la adquisición de cinco centros comerciales anclados en supermercados en el Condado de Orange, CA.
Las unidades tienen un período inicial de bloqueo y posteriormente pueden ser canjeadas, a opción del titular y a discreción de la Compañía, por efectivo o por una acción común de REG, lo que introduce una posible dilución. No se registraron otros valores.
Artículo 7.01: Un comunicado de prensa fechado el 24 de julio de 2025 (Ex. 99.1) confirma el cierre de la transacción; el comunicado se proporciona pero no se presenta oficialmente. No se acompañan estados financieros en este Formulario 8-K.
항목 3.02: 2025년 7월 23일 Regency Centers, L.P., Regency Centers Corp. (REG)의 운영 파트너십은 2,773,083개의 제한된 일반 파트너십 유닛을 각각 72.00달러에 발행하여 섹션 4(a)(2) 사모 배정 면제를 통해 약 2억 달러를 조달했습니다. 수익금은 캘리포니아 오렌지 카운티에 위치한 5개의 식료품점 중심 쇼핑센터 인수 자금 조달에 사용됩니다.
이 유닛들은 초기 잠금 기간이 있으며 이후 보유자의 선택과 회사의 재량에 따라 현금 또는 REG 보통주 1주로 교환할 수 있어 희석 가능성을 내포합니다. 다른 증권은 등록되지 않았습니다.
항목 7.01: 2025년 7월 24일자 보도자료(Ex. 99.1)는 거래 종료를 확인하며, 보도자료는 제출용이 아닌 제공용입니다. 이 8-K 양식에는 재무제표가 첨부되지 않았습니다.
Point 3.02 : Le 23 juillet 2025, Regency Centers, L.P., la société opérationnelle de Regency Centers Corp. (REG), a émis 2 773 083 unités limitées de partenariat commun au prix de 72,00 $ chacune, levant environ 200 millions de dollars en vertu de l’exemption de placement privé de la Section 4(a)(2). Les fonds sont utilisés pour financer l’acquisition de cinq centres commerciaux ancrés par des épiceries dans le comté d’Orange, Californie.
Ces unités comportent une période initiale de blocage et peuvent ensuite être échangées, à l’option du détenteur et à la discrétion de la Société, contre de l’argent liquide ou une action ordinaire REG, ce qui introduit un risque de dilution. Aucun autre titre n’a été enregistré.
Point 7.01 : Un communiqué de presse daté du 24 juillet 2025 (Ex. 99.1) confirme la clôture de la transaction ; le communiqué est fourni mais non déposé. Aucun état financier n’accompagne ce formulaire 8-K.
Posten 3.02: Am 23. Juli 2025 gab Regency Centers, L.P., die Betriebspartnerschaft von Regency Centers Corp. (REG), 2.773.083 beschränkte Kommanditanteile zu je 72,00 $ aus und erzielte damit rund 200 Millionen Dollar gemäß der Privatplatzierungsausnahme nach Abschnitt 4(a)(2). Die Erlöse werden zur Finanzierung des Erwerbs von fünf lebensmittelzentrierten Einkaufszentren im Orange County, CA verwendet.
Die Einheiten unterliegen einer anfänglichen Sperrfrist und können danach nach Wahl des Inhabers und nach Ermessen des Unternehmens gegen Bargeld oder eine Stammaktie von REG getauscht werden, was eine mögliche Verwässerung mit sich bringt. Es wurden keine weiteren Wertpapiere registriert.
Posten 7.01: Eine Pressemitteilung vom 24. Juli 2025 (Ex. 99.1) bestätigt den Abschluss der Transaktion; die Mitteilung wird bereitgestellt, aber nicht eingereicht. Keine Finanzberichte wurden diesem Formular 8-K beigefügt.
- Strategic expansion: Adds five Orange County grocery-anchored centers, strengthening presence in a high-income market.
- Non-dilutive pricing: $72 issuance price aligns with recent trading, avoiding a deep discount.
- Potential dilution: 2.77 m exchangeable units equal about 1.4 % of future share count once converted.
- No immediate earnings data: Filing lacks guidance on acquisition cap rate or accretion.
Insights
TL;DR: ~$200 m private unit issuance funds OC shopping-center buy; growth offsets dilution—overall neutral.
The company tapped the OP unit market instead of issuing listed common stock, preserving speed and avoiding underwriting costs. The five Orange County centers should expand net operating income in a high-barrier coastal market, consistent with Regency’s grocery-anchored focus. However, 2.77 m units are exchangeable 1-for-1 into REG shares, representing roughly 1.4 % of the pro-forma share count and creating identifiable dilution pressure once the lock-up expires. Because pricing mirrors recent REG trading levels ($72), the issuance is not deeply discounted. Net effect is capacity‐building rather than accretive on a per-share basis, so I view impact as balanced.
Voce 3.02: Il 23 luglio 2025 Regency Centers, L.P., la società operativa di Regency Centers Corp. (REG), ha emesso 2.773.083 unità di partnership limitate comuni a 72,00 $ ciascuna, raccogliendo circa 200 milioni di dollari ai sensi dell’esenzione per collocamento privato prevista dalla Sezione 4(a)(2). I proventi saranno utilizzati per finanziare l’acquisizione di cinque centri commerciali ancorati a supermercati nella Contea di Orange, CA.
Le unità prevedono un periodo iniziale di lock-up e successivamente possono essere scambiate, a scelta del detentore e a discrezione della Società, in contanti o in una azione ordinaria REG, introducendo una possibile diluizione. Non sono stati registrati altri titoli.
Voce 7.01: Un comunicato stampa datato 24 luglio 2025 (Ex. 99.1) conferma la chiusura della transazione; il comunicato è fornito ma non depositato. Nessun bilancio è stato allegato a questo modulo 8-K.
Artículo 3.02: El 23 de julio de 2025 Regency Centers, L.P., la sociedad operativa de Regency Centers Corp. (REG), emitió 2.773.083 unidades limitadas de asociación común a 72,00 $ cada una, recaudando aproximadamente 200 millones de dólares bajo la exención de colocación privada de la Sección 4(a)(2). Los ingresos se están utilizando para ayudar a financiar la adquisición de cinco centros comerciales anclados en supermercados en el Condado de Orange, CA.
Las unidades tienen un período inicial de bloqueo y posteriormente pueden ser canjeadas, a opción del titular y a discreción de la Compañía, por efectivo o por una acción común de REG, lo que introduce una posible dilución. No se registraron otros valores.
Artículo 7.01: Un comunicado de prensa fechado el 24 de julio de 2025 (Ex. 99.1) confirma el cierre de la transacción; el comunicado se proporciona pero no se presenta oficialmente. No se acompañan estados financieros en este Formulario 8-K.
항목 3.02: 2025년 7월 23일 Regency Centers, L.P., Regency Centers Corp. (REG)의 운영 파트너십은 2,773,083개의 제한된 일반 파트너십 유닛을 각각 72.00달러에 발행하여 섹션 4(a)(2) 사모 배정 면제를 통해 약 2억 달러를 조달했습니다. 수익금은 캘리포니아 오렌지 카운티에 위치한 5개의 식료품점 중심 쇼핑센터 인수 자금 조달에 사용됩니다.
이 유닛들은 초기 잠금 기간이 있으며 이후 보유자의 선택과 회사의 재량에 따라 현금 또는 REG 보통주 1주로 교환할 수 있어 희석 가능성을 내포합니다. 다른 증권은 등록되지 않았습니다.
항목 7.01: 2025년 7월 24일자 보도자료(Ex. 99.1)는 거래 종료를 확인하며, 보도자료는 제출용이 아닌 제공용입니다. 이 8-K 양식에는 재무제표가 첨부되지 않았습니다.
Point 3.02 : Le 23 juillet 2025, Regency Centers, L.P., la société opérationnelle de Regency Centers Corp. (REG), a émis 2 773 083 unités limitées de partenariat commun au prix de 72,00 $ chacune, levant environ 200 millions de dollars en vertu de l’exemption de placement privé de la Section 4(a)(2). Les fonds sont utilisés pour financer l’acquisition de cinq centres commerciaux ancrés par des épiceries dans le comté d’Orange, Californie.
Ces unités comportent une période initiale de blocage et peuvent ensuite être échangées, à l’option du détenteur et à la discrétion de la Société, contre de l’argent liquide ou une action ordinaire REG, ce qui introduit un risque de dilution. Aucun autre titre n’a été enregistré.
Point 7.01 : Un communiqué de presse daté du 24 juillet 2025 (Ex. 99.1) confirme la clôture de la transaction ; le communiqué est fourni mais non déposé. Aucun état financier n’accompagne ce formulaire 8-K.
Posten 3.02: Am 23. Juli 2025 gab Regency Centers, L.P., die Betriebspartnerschaft von Regency Centers Corp. (REG), 2.773.083 beschränkte Kommanditanteile zu je 72,00 $ aus und erzielte damit rund 200 Millionen Dollar gemäß der Privatplatzierungsausnahme nach Abschnitt 4(a)(2). Die Erlöse werden zur Finanzierung des Erwerbs von fünf lebensmittelzentrierten Einkaufszentren im Orange County, CA verwendet.
Die Einheiten unterliegen einer anfänglichen Sperrfrist und können danach nach Wahl des Inhabers und nach Ermessen des Unternehmens gegen Bargeld oder eine Stammaktie von REG getauscht werden, was eine mögliche Verwässerung mit sich bringt. Es wurden keine weiteren Wertpapiere registriert.
Posten 7.01: Eine Pressemitteilung vom 24. Juli 2025 (Ex. 99.1) bestätigt den Abschluss der Transaktion; die Mitteilung wird bereitgestellt, aber nicht eingereicht. Keine Finanzberichte wurden diesem Formular 8-K beigefügt.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
July 24, 2025 (
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
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(IRS Employer Identification No.) |
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Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Regency Centers Corporation
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Regency Centers, L.P.
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.02 |
Unregistered Sale of Equity Securities |
On July 23, 2025, Regency Centers, L.P., the operating partnership of Regency Centers Corporation (the “Company”), issued 2,773,083 limited common partnership units (“Common Units”), at an issuance price of $72.00 per unit, to partially fund the Company’s acquisition of a portfolio of five shopping centers located in Orange County, California. Following the expiration of an initial lock-up period, each Common Unit is exchangeable, at the option of the holders, for cash or one share of common stock of the Company, at the discretion of the Company, subject to certain limitations, terms and conditions.
The issuance of the Common Units was made in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
Item 7.01 |
Regulation FD Disclosure |
On July 24, 2025, the Company issued a press release announcing the closing of the Company’s acquisition of the portfolio of five shopping centers located in Orange County, California. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 |
Financial Statements and Exhibits |
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(d) Exhibits |
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Exhibit 99.1 |
Press release of Regency Centers Corporation, issued July 24, 2025 |
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Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL documents) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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REGENCY CENTERS CORPORATION |
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July 24, 2025 |
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/s/ Michael R. Herman |
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Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary |
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REGENCY CENTERS, L.P. |
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By: Regency Centers Corporation, its general partner |
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July 24, 2025 |
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/s/ Michael R. Herman |
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Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary |
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FAQ
How many partnership units did Regency Centers (REG) issue?
What price did Regency Centers receive per unit?
Why were the units issued?
Can the new units be converted into REG common stock?
Is the press release about the acquisition included in the filing?
