Regency Centers Announces Pricing of 10,000,000 6.625% Series 6 Cumulative Redeemable Preferred Shares at $25/Share
Regency Centers Corporation (NYSE: REG) announced today the pricing of an underwritten public offering of 10,000,000 shares of newly issued 6.625% Series 6 Cumulative Redeemable Preferred Shares at a price of $25 per share, resulting in gross proceeds of $250.0 million. We estimate that the net proceeds, after deducting the underwriting discount and before other estimated offering expenses payable by us, will be approximately $242.1 million. The offering is expected to close on or about February 16, 2012. Regency will file an application to list the Series 6 Stock on the New York Stock Exchange.
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