Regency Centers Closes $600M Unsecured Revolving Credit Facility

Regency Centers Corporation

today announced it has closed on the refinancing of its $600 million credit facility. The Facility bears interest at an annual rate of LIBOR plus 125 basis points and is based on the higher of the Company's current corporate credit ratings from Moody's and S&P. The Facility will expire in September 2015 and includes one, one-year extension option. In addition, the Company has the ability to upsize the Facility through an accordion feature to $1 billion.