Fitch rates Brixmor notes BBB-

Fitch Ratings said it gave a BBB- rating to the $300 million of fixed-rate senior unsecured notes due 2028 sold by Brixmor Operating Partnership, LP, the operating partnership of Brixmor Property Group, Inc.

The rating is the same as that of Brixmor’s other senior unsecured notes.

The company intends to use the proceeds for general corporate purposes, which may include repaying all or a portion of a $350 million term loan maturing in December 2023.

“Fitch views the issuance as a credit positive that enhances Brixmor’s liquidity profile and flexibility to navigate the challenging near-term operating environment and address near-to-medium-term debt maturities,” the agency said in a press release.

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