Brixmor Property Group Inc. announced that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), will redeem $500,000,000.00 aggregate principal amount of its 3.250% Senior Notes due 2023 (CUSIP Number 11120V AD5) (the “Senior Notes”), representing all of the outstanding Senior Notes, on September 2, 2021 (the “Redemption Date”). The Senior Notes were issued pursuant to an Indenture, dated as of January 21, 2015 (the “Base Indenture”), between the Operating Partnership and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by the Fourth Supplemental Indenture, dated as of August 24, 2016, by and between the Operating Partnership and the Trustee (the “Fourth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).
Pursuant to the terms of the Senior Notes, the Senior Notes will be redeemed at a price equal to the principal amount of the Senior Notes plus a make-whole premium calculated pursuant to the terms of the Indenture, together with accrued and unpaid interest, if any, up to, but excluding, the Redemption Date.
A notice of redemption and related materials were mailed to holders of record of the Senior Notes on August 18, 2021. Holders that hold their Senior Notes through the Depository Trust Company (“DTC”) will be redeemed in accordance with the applicable procedures of DTC. Questions relating to the notice of redemption and related materials should be directed to The Bank of New York Mellon, in its capacity as paying agent for the redemption of the Senior Notes, at 1-800-254-2826.
This news release shall 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.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 389 retail centers comprise approximately 68 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 approximately 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 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.