Market Overview

DDR Announces the Completion of its Cash Tender Offers for Certain Outstanding Debt Securities

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DDR Corp. (NYSE:DDR) (the "Company") today announced the completion of
its previously announced tender offer (the "Any-and-All Tender Offer")
to purchase for cash any and all of its 3.500% Notes due 2021 (the
"Any-and-All Notes"), as described in the table below, and tender offers
(the "Maximum Tender Offers" and, together with the Any-and-All Tender
Offers, the "Tender Offers") to purchase for cash up to $600,000,000
(the "Maximum Tender Amount") combined aggregate principal amount of
certain of its debt securities (collectively, the "Maximum Tender Notes"
and, together with the Any-and-All Notes, the "Notes").

In connection with the final settlement, the Company accepted for
purchase all Any-and-All Notes that were validly tendered following 5:00
p.m., New York City time, on February 12, 2018 (the "Early Tender
Deadline"), but at or prior to the expiration of the Any-and-All Tender
Offer at 11:59 p.m., New York City time, on February 27, 2018 (the
"Expiration Time"). Holders of Any-and-All Notes who validly tendered
their Any-and-All Notes and thereby validly delivered their Consents (as
defined below) following the Early Tender Deadline, but at or prior to
the Expiration Time, received the "Tender Offer Consideration," which is
an amount equal to $1,026.73 (the "Total Consideration for the
Any-and-All Notes") minus the Early Tender Premium (as defined below),
plus accrued but unpaid interest up to, but not including, the final
settlement date, per $1,000 principal amount of such Any-and-All Notes.

The Total Consideration for the Any-and-All Notes was determined by
reference to the fixed spread of +25 basis points over the yield based
on the bid-side price of the 2.000% U.S. Treasury Security due January
15, 2021, as calculated by the Dealer Managers and Solicitation Agents
(as defined below) at 11:00 a.m., New York City time, on February 13,
2018 (such time and date, the "Price Determination Time"). The Total
Consideration for the Any-and-All Notes includes an early tender premium
of $30.00 per $1,000 principal amount of Notes (the "Early Tender
Premium").

As the Maximum Tender Offers were over-subscribed as of the Early Tender
Deadline, the Company previously accepted for purchase and paid for
Maximum Tender Notes in the following amounts: (i) $59,965,000 aggregate
principal amount of its 7.50% Notes due 2018; (ii) $212,791,000
aggregate principal amount of its 3.375% Notes due 2023; (iii)
$284,386,000 aggregate principal amount of its 3.900% Notes due 2024;
and (iv) $42,858,000 aggregate principal amount of its 3.625% Notes due
2025, and did not accept for purchase any of its 4.625% Notes due 2022,
4.250% Notes due 2026 or 4.700% Notes due 2027. Because the Maximum
Tender Offers were over-subscribed as of the Early Tender Deadline, no
additional Maximum Tender Notes were accepted for purchase by the
Company.

The Tender Offers and, with respect to the Any-and-All Tender Offer, the
related solicitation (the "Consent Solicitation") of consents
("Consents") were made solely pursuant to, and were subject to the terms
and conditions set forth in, the offer to purchase and consent
solicitation statement, dated January 30, 2018 (the "Offer to
Purchase"), and a related letter of transmittal and consent (the "Letter
of Transmittal").

The table below sets forth the Tender Offer Consideration that was paid
per $1,000 principal amount of Any-and-All Notes that were validly
tendered following the Early Tender Deadline, but at or prior to the
Expiration Time.

            Additional     Tender Offer
Principal Amount Principal Amount Consideration
Title of Security     CUSIP Number     Outstanding (1)     Tendered(2)     (per $1,000)(3)
3.500% Notes due 2021     23317H AC6     $43,526,000     $16,000     $996.73
(1)   As of the Expiration Time.
(2) Following the Early Tender Deadline, but at or prior to the
Expiration Time.
(3) The Tender Offer Consideration is exclusive of the Early Tender
Premium and accrued interest and is based on the Reference Yield of
the Reference U.S. Treasury Security as of the Price Determination
Time.

On February 26, 2018, the Company issued to holders a notice of
redemption to redeem all Any-and-All Notes outstanding on March 1, 2018
at a redemption price equal to the sum of the present values of the
remaining scheduled payments of principal and interest with respect to
the Any-and-All Notes through their maturity date (not including the
portion of any payments of interest accrued to the redemption date)
discounted to the redemption date on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate
(as defined in the Any-and-All Notes) plus 25 basis points, plus accrued
and unpaid interest on the outstanding Any-and-All Notes.

Information Relating to the Tender Offers

The Offer to Purchase and the Letter of Transmittal were distributed to
holders on January 30, 2018. J.P. Morgan Securities LLC and Wells Fargo
Securities, LLC were the dealer managers for the Tender Offers and the
solicitation agents for the Consent Solicitation (the "Dealer Managers
and Solicitation Agents"). D.F. King & Co., Inc. was the tender agent
and information agent for the Tender Offers and the Consent Solicitation.

This press release is for informational purposes only and is not an
offer to buy, or the solicitation of an offer to sell, any of the Notes
or a solicitation of Consents.

About DDR

DDR is an owner and manager of 273 value-oriented shopping centers
representing 92 million square feet in 33 states and Puerto Rico. The
Company owns a high-quality portfolio of open-air shopping centers in
major metropolitan areas that provide a highly-compelling shopping
experience and merchandise mix for retail partners and consumers. The
Company actively manages its assets with a focus on creating long-term
shareholder value. DDR is a self-administered and self-managed REIT
operating as a fully integrated real estate company, and is publicly
traded on the New York Stock Exchange under the ticker symbol DDR.
Additional information about the Company is available at www.ddr.com.
To be included in the Company's e-mail distributions for press releases
and other investor news, please click here.

Safe Harbor

DDR Corp. considers portions of the information in this press release to
be forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934, both as amended, with respect to the Company's expectation for
future periods. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions, it can give no assurance that its expectations will be
achieved. For this purpose, any statements contained herein that are not
historical fact may be deemed to be forward-looking statements. There
are a number of important factors that could cause our results to differ
materially from those indicated by such forward-looking statements,
including, among other factors, property damage, expenses related
thereto and other business and economic consequences (including the
potential loss of rental revenues) resulting from extreme weather
conditions in locations where we own properties, and the ability to
estimate accurately the amounts thereof; sufficiency and timing of any
insurance recovery payments related to damages from extreme weather
conditions; local conditions such as supply of space or a reduction in
demand for real estate in the area; competition from other available
space; dependence on rental income from real property; the loss of,
significant downsizing of or bankruptcy of a major tenant; redevelopment
and construction activities may not achieve a desired return on
investment; our ability to buy or sell assets on commercially reasonable
terms; our ability to complete acquisitions or dispositions of assets
under contract; our ability to secure equity or debt financing on
commercially acceptable terms or at all; our ability to enter into
definitive agreements with regard to our financing and joint venture
arrangements or our failure to satisfy conditions to the completion of
these arrangements; the success of our deleveraging strategy; any change
in strategy; our ability to complete our previously announced plan to
spin-off certain of our assets in a timely manner; the impact of such
spin-off on our business and that of the spun-off company; and the
ability of the Company and the spun-off company to execute their
respective strategies following consummation of the spin-off, including
the ability of the spun-off company to sell assets on commercially
reasonable terms; and entering into management agreements with the
spin-off company on commercially reasonable terms. For additional
factors that could cause the results of the Company to differ materially
from those indicated in the forward-looking statements, please refer to
the Company's Form 10-K for the year ended December 31, 2017. The
Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise
after the date hereof.

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