BRIXMOR PROPERTY GROUP PRICES OFFERING OF SENIOR NOTES

NEW YORK, Jan. 9, 2024 /PRNewswire/ — Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced an offering of $400 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”). The Notes will be issued at 99.816% of par value with a coupon of 5.500%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, beginning August 15, 2024. The Notes will mature on February 15, 2034. The offering is expected to close on January 12, 2024, subject to the satisfaction of customary closing conditions.

The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes, including repayment of indebtedness. Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and PNC Capital Markets 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 the Company 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: Wells Fargo Securities, LLC by calling toll-free at 1-800-645-3751 or emailing to [email protected], J.P. Morgan Securities LLC by collect at 1-212-834-4533 or PNC Capital Markets LLC by calling toll-free at 1-855-881-0697.

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.

ABOUT BRIXMOR PROPERTY GROUP 
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 364 retail centers comprise approximately 65 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co.,…