Brixmor Property Group Inc. announced that its operating partnership, Brixmor Operating Partnership LP, priced an offering of $400 million aggregate principal amount of 4.850% Senior Notes due 2033. The notes will be issued at 99.849% of par value.
Interest on the notes will be payable semi-annually on February 15 and August 15 of each year, commencing February 15, 2026. The offering is expected to close on September 9, 2025, subject to customary closing conditions.
The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes. This may include the repayment of outstanding indebtedness, further strengthening the company's balance sheet and financial flexibility.
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