Regency Centers (REG) Prices $400M Notes Offering

Regency Centers Corporation (Nasdaq: REG) announced today that its operating partnership, Regency Centers, L.P., has priced a $400 million public offering of senior unsecured notes due 2034 (the “Notes”) under its existing shelf registration filed with the Securities and Exchange Commission (the “SEC”). The Notes will mature on January 15, 2034, and were issued at 99.617% of par value with a coupon of 5.250%. Interest on the Notes will be payable semiannually on January 15 and July 15 of each year, with the first payment due and payable on July 15, 2024.

Regency intends to use the net proceeds of the offering to reduce the outstanding balance on its line of credit and for general corporate purposes, including, but not limited to, the future repayment of outstanding debt. Prior to using any of the net proceeds, the Company may invest the net proceeds in certificates of deposit, interest-bearing short-term investment grade securities or money-market accounts. Settlement of the offering is subject to the satisfaction of customary closing conditions and is expected to occur on January 18, 2024.

BofA Securities, Inc., J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, and TD Securities (USA) LLC are acting as joint book-running managers. Mizuho Securities USA LLC, Regions Securities LLC and Truist Securities, Inc. are acting as senior co-managers. BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, RBC Capital Markets, LLC, and Scotia Capital (USA) Inc. are acting as co-managers.

Regency Centers, L.P. has filed a registration statement (including a prospectus and related prospectus supplement) with the SEC with respect to the offering of the Notes. Before you invest, you should read the prospectus in that registration statement and the prospectus supplement for the offering, as well as the other documents Regency Centers, L.P. has filed with the SEC for more complete information about Regency Centers, L.P. and the offering. You may get these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov. Alternatively, by calling BofA Securities, Inc. at 1-800-294-1322, J.P. Morgan Securities LLC at 1-212-834-4533, U.S. Bancorp Investments, Inc. at 1-877-558-2607, or Wells Fargo Securities, LLC at 1-800-645-3751, such underwriter will arrange to send you the prospectus and the related prospectus supplement if you request it.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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