PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tue, May 24, 5:22 PM
| This Slide: #576 of 581 |
Slide #576. Regency Centers Corporation — Preferred Stock Offering
Company:
Regency Centers Corporation (NASDAQ:REG)
Underwriters:
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
Security type:
6.00% Series 7 Cumulative Redeemable Preferred Shares (REG.PRG)
$Amount Offered:
$75,000,000
Date of Pricing:
8/14/2012
Price Per Share:
$25.00
Preferred Stock Offering Details:
Regency Centers Corporation announced the pricing of an underwritten public offering of 3,000,000 shares of newly issued 6.00% Series 7 Cumulative Redeemable Preferred Shares at a price of $25 per share, resulting in gross proceeds of $75.0 million. The Company estimates that the net proceeds, after deducting the underwriting discount and before other estimated offering expenses, will be approximately $72.6 million. The offering is expected to settle on or about August 23, 2012. The Company intends to file an application with the New York Stock Exchange to list the Series 7 Stock under the symbol "REGPrG."
Regency Centers is a real estate company and self-administered and self-managed real estate investment trust. Regency Centers L.P. is the entity through which Co. conducts substantially all of its operations and owns substantially all of its assets. Co.'s business consists of acquiring, developing, owning and operating income-producing retail real estate principally located in various markets in the United States. Co. leases space to retail tenants such as productive grocers, restaurants, service providers, and retailers.
Preferreds: REG.PRE.CL, REG.PRG, REG.PRF
Open the REG Page at Preferred Stock Channel »Open the REG.PRG Page at Preferred Stock Channel for More Information About this Preferred »
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