Regency Centers extends revolver to 2016, lifts size to $800 million

By Susanna Moon

Chicago, Sept. 14 - Regency Centers Corp. said it amended its unsecured revolving credit facility, boosting the size by $200 million to a total of $800 million and pushing out the maturity by one year to September 2016.

Interest on the loans is Libor plus 140 basis points, including a facility fee of 22.5 bps, based on the company's credit ratings, according to an 8-K filing with the Securities and Exchange Commission.

The company has a one-year extension option.

Regency amended its facility Thursday with Wells Fargo Securities, LLC and PNC Capital Markets LLC as lead arrangers and book managers. Wells Fargo Bank, NA is the administrative agent. PNC Bank, NA is the syndication agent. Bank of America, NA, JP Morgan Chase Bank and SunTrust Bank acted as documentation agents.

Regions Bank, Royal Bank of Canada, Sumitomo Mitsui Banking Corp. and US Bank, NA are senior managing agents. Comerica Bank, Chang Hwa Commercial Bank, Ltd. and Mizuho Corporate Bank, Ltd. are lenders.

Regency is a Jacksonville, Fla.-based owner, operator and developer of dominant grocery-anchored and community shopping centers.

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