Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
2024年8月13日 - 5:24AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated August 12, 2024
Relating to Preliminary Prospectus Supplement dated August 12, 2024
to Prospectus dated March 23, 2023
Registration Nos. 333-270763 and
333-270763-01
REGENCY CENTERS, L.P.
$325,000,000 5.100% Notes Due 2035
Pricing Term Sheet
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| Issuer: |
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Regency Centers, L.P. |
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| Security: |
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5.100% Notes Due 2035 (the
“Notes”) |
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| Guarantee: |
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Regency Centers Corporation, the general partner of Regency Centers, L.P., will guarantee the payment of principal and interest of the Notes. |
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| Expected Ratings (Moody’s / S&P)*: |
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A3 (stable) / BBB+ (positive) |
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| Principal Amount: |
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$325,000,000 |
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| Coupon (Interest Rate): |
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5.100% per annum |
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| Interest Payment Dates: |
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January 15 and July 15, commencing January 15, 2025 |
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| Interest Record Dates: |
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The immediately preceding January 1 and July 1 |
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| Maturity: |
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January 15, 2035 |
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| Denominations: |
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$2,000 x $1,000 in excess thereof |
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| Price to Public: |
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99.813% of principal amount, plus accrued interest, if any, from the date of original issuance |
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| Trade Date: |
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August 12, 2024 |
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| Settlement Date: |
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T+3; August 15, 2024 |
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| Net Proceeds: |
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$322,279,750 (after deducting underwriting discount and before expenses associated with the transaction). |
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| Optional Redemption Provision: |
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In full or in part at any time, prior to October 15, 2034 (“Par Call Date”), make whole call based on U.S. Treasury plus 20 bps to the Par Call Date, and, on or after the Par Call Date, redeemable at 100% of the
principal amount plus accrued and unpaid interest to the redemption date. |
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| Benchmark Treasury: |
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3.875% due August 15, 2034 |
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| Spread to Benchmark Treasury: |
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T+122 bps |
| Benchmark Treasury Price / Yield: |
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99-24+ / 3.904% |
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| Re-Offer Yield: |
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5.124% |
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| CUSIP / ISIN: |
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75884RBC6 / US75884RBC60 |
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| Joint Book-Running Managers: |
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J.P. Morgan Securities LLC BofA Securities,
Inc. PNC Capital Markets LLC Wells Fargo Securities, LLC
Mizuho Securities USA LLC Truist Securities, Inc.
U.S. Bancorp Investments, Inc. |
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| Senior Co-Managers |
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BMO Capital Markets Corp. BNY Mellon Capital
Markets, LLC RBC Capital Markets, LLC Regions Securities
LLC Scotia Capital (USA) Inc. TD Securities (USA)
LLC |
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to
revision or withdrawal at any time. |
The issuer has filed a registration statement (including a prospectus) with the Securities
and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents the issuer has filed with the SEC
for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the underwriters participating in the offering will arrange
to send you the prospectus supplement and accompanying prospectus if you request it by calling J.P. Morgan Securities LLC collect at (212) 834-4533, by calling BofA Securities, Inc. toll-free at (800) 294-1322, by calling PNC Capital Markets LLC toll-free at (855) 881-0697, or by calling Wells Fargo Securities, LLC toll-free at (800)
645-3751.
Regency Centers (NASDAQ:REGCP)
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