Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Regency Centers Rises Unsecured Credit Facility To $800 Mln - Quick Facts

RELATED NEWS
Trade REG now with 

Regency Centers Corp.(REG: Quote) 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.

Click here to receive FREE breaking news email alerts for Regency Centers Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Looking to increase pressure on Congress, the White House released a report on Tuesday warning of the economic costs of delaying action to address climate change. With the August recess looming, House Republican leaders are hopeful they can pass legislation to address the crisis along the U.S.-Mexico border before the end of the week. The House is expected to vote on a bill providing $659 million in funding for the border crisis, well below the $3.7 billion requested by the Obama administration. After moving mostly higher in early trading on Tuesday, stocks have given back ground over the course of the trading session. A negative reaction to news of new European sanctions against Russia contributed to the pullback by the markets.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.