Regency Centers Corp.(REG) announced it has amended its existing unsecured revolving credit facility and increased the Facility by $200 million to a total of $800 million.
The Amended Facility bears interest at an annual rate of LIBOR plus 140 basis points (inclusive of a 22.5 basis point facility fee) and is based on the higher of the Company's current corporate credit ratings from Moody's and S&P.
The maturity date on the Amended Facility is extended by one year and will expire in September 2016. Additionally, the company retained one, one-year extension option.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.