Regency Centers Corp. (REG) said it closed offering of 9.2 million shares of common stock which included the full exercise of the over-allotment option by its underwriters of 1.2 million shares. The public offering was priced at $30.75 per share. The 8.0 million shares offered to the public are all subject to the forward sale agreements described below. The 1.2 million shares subject to the underwriters' over-allotment option are not subject to a forward sale agreement.
In connection with this offering, Regency entered into forward sale agreements with affiliates of J.P. Morgan and Wells Fargo Securities, as forward purchasers. Regency intends to use any proceeds it receives upon settlement of the forward sale agreements and from the over-allotment option to repay or refinance maturing 2010 debt, which includes a portion of its pro rata share of the existing debt of a Regency co-investment partnership, Macquarie CountryWide-Regency II, as such partnership debt matures, and for general corporate purposes. This offering will allow Regency to use existing liquidity to prepay all or a portion of its existing term loan.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.