DDR Corp. (NYSE:DDR) Files An 8-K Regulation FD Disclosure
Item7.01 Regulation FD Disclosure
On June6, 2017, DDR Corp. (the Company) made available on its
website the investor presentation (Investor Presentation June
2017) that will be utilized by the Company at REITWeek: NAREITs
Investor Forum, June6-8, 2017, in New York City. A copy of the
Investor Presentation June 2017 is attached hereto as Exhibit
99.1 and incorporated herein by reference. In addition, the
Company notified the Trustee (as defined below) that it has
elected to redeem all of the Companys outstanding $300,000,000
aggregate principal amount of 4.75% Notes due 2018 (CUSIP No.
251591 AY9) (the Notes) and pay the related make-whole premium.
The notes were issued on March 4, 2011 to the indenture, dated as
of May 1, 1994 (as amended, the Indenture), between the Company
and U.S. Bank National Association, as trustee (the Trustee). The
Notes will be redeemed on July 8, 2017 at a make-whole redemption
price calculated in accordance with the terms of the Indenture.
This Current Report on Form 8-K shall not constitute a notice of
redemption of the Notes. This information shall not be deemed to
be filed for purposes of Section18 of the Securities Exchange Act
of 1934 (the Exchange Act) or otherwise subject to the
liabilities of that section, nor shall it be incorporated by
reference into a filing under the Securities Act of 1933 or the
Exchange Act, except as shall be set forth by specific reference
in such filing.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description |
|
99.1 | Investor Presentation June 2017 |
About DDR Corp. (NYSE:DDR)
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It owns and manages approximately 110 million total square feet of gross leasable area (GLA). The properties include discounters, warehouse clubs, dollar stores and specialty grocers as additional anchors or tenants. It leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases. The Company’s portfolio consists of over 350 shopping centers and over 1,000 acres of undeveloped land. The shopping centers are located in over 40 states, as well as Puerto Rico.