Brixmor Operating Partnership LP (NYSE:BRX) Files An 8-K Other Events
Partnership), an indirect subsidiary of Brixmor Property Group
Inc., priced the previously announced offering (the Offering) of
$500,000,000 aggregate principal amount of 3.650% Senior Notes
due 2024 (the Notes). The Notes will be issued at 99.576% of par
value with a coupon of 3.650%. Interest on the Notes is payable
semi-annually on June 15 and December 15 of each year, commencing
December 15, 2017. The Notes will mature on June 15, 2024. The
Offering is expected to close on June 5, 2017, subject to
customary closing conditions. The Operating Partnership expects
to use the net proceeds from the Offering to repay outstanding
indebtedness under its $1.25 billion unsecured revolving credit
facility and for general corporate purposes.
entered into an underwriting agreement, dated May 31, 2017 (the
Underwriting Agreement), among the Operating Partnership and
Merrill Lynch, Pierce, Fenner Smith Incorporated and Wells Fargo
Securities, LLC, as representatives of the several underwriters
named therein (the Underwriters). The Underwriting Agreement
contains customary representations, warranties and agreements by
the Operating Partnership, customary conditions to closing, other
obligations of the parties and termination provisions.
Additionally, the Operating Partnership has agreed to indemnify
the Underwriters against certain liabilities, including
liabilities under the Securities Act of 1933, as amended (the
Securities Act), or to contribute to payments the Underwriters
may be required to make because of any of those liabilities.
Agreement and does not purport to be a complete statement of the
parties rights and obligations thereunder. The foregoing
description is qualified in its entirety by reference to the full
text of the Underwriting Agreement, a copy of which is attached
as Exhibit 99.1 to this Current Report on Form 8-K and
incorporated by reference herein.
statement on Form S-3 (File Nos. 333-201464 and 333-201464-01),
which became effective upon filing with the Securities and
Exchange Commission (the SEC) on January 13, 2015. A preliminary
prospectus supplement, dated May 31, 2017, relating to the Notes
and supplementing the prospectus was filed with the SEC to Rule
424(b)(5) under the Securities Act.
Opinion of Hogan Lovells US LLP
Consent of Hogan Lovells US LLP (included in Exhibit
Underwriting Agreement, dated May 31, 2017, by and
among Brixmor Operating Partnership LP and Merrill
Lynch, Pierce, Fenner Smith Incorporated and Wells
Fargo Securities, LLC, as representatives of the
several underwriters named therein
About Brixmor Operating Partnership LP (NYSE:BRX)
Brixmor Property Group Inc. is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture. With an average shopping center size of 167,982 square feet as of December 31, 2016, the Company’s portfolio consisted predominantly of community and neighborhood shopping centers. As of December 31, 2016, the Company’s properties were located in various states of the United States, such as Texas, Florida, California, New York, Illinois, Georgia, New Jersey, Ohio, North Carolina, Michigan, Connecticut, Tennessee, Kentucky, Colorado, Arizona, Delaware, West Virginia, Vermont, Maine, Oklahoma and New Mexico. Brixmor Operating Partnership LP (NYSE:BRX) Recent Trading Information
Brixmor Operating Partnership LP (NYSE:BRX) closed its last trading session down -0.03 at 18.14 with 3,349,895 shares trading hands.