Brixmor Property Group Prices Offering Of Senior Notes

NEW YORK, June 8, 2020 /PRNewswire/ — Brixmor Property Group Inc. (NYSE: BRX) announced today that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced an offering of $500 million aggregate principal amount of 4.050% Senior Notes due 2030 (the “Notes”). The Notes will be issued at 99.776% of par value with a coupon of 4.050%. Interest on the Notes is payable semi-annually on January 1 and July 1 of each year, commencing January 1, 2021.  The Notes will mature on July 1, 2030.  The offering is expected to close on June 10, 2020, subject to customary closing conditions.

The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes, which may include repaying outstanding indebtedness under the Company’s $1.25 billion unsecured revolving credit facility or repurchasing or redeeming some or all of its outstanding 3.875% Senior Notes due 2022.

J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

The Operating Partnership has filed an effective registration statement (including a prospectus supplement and accompanying base prospectus) with the Securities and Exchange Commission (the “SEC”) relating to the offering to which this communication relates. Before making an investment in the Notes, potential investors should read the prospectus supplement, the accompanying prospectus and the other documents that we and the Operating Partnership have filed with the SEC for more complete information about us and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from: J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, or by telephone: 1-212-834-4533; BofA Securities, Inc., NC1-004-03-43 200 North College Street, 3rd Floor, Charlotte, NC  28255-0001, Attention: Prospectus Department, or by email at [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone: 1-800-831-9146 or email: [email protected]; or Wells Fargo Securities, LLC, 550 South Tyron Street, 5th Floor, Charlotte, NC 28202, Attention: Transaction Management, or by telephone: 1-800-645-3751.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering of the Notes and the accompanying prospectus.

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