Brixmor to pay down $1.25 billion revolver with new issue proceeds

By Susanna Moon

Chicago, Jan. 13 – Brixmor Property Group Inc. said operating partnership Brixmor Operating Partnership LP plans to repay its $1.25 billion senior unsecured revolving credit facility.

The company will pay down its revolver using proceeds of a senior notes issue.

The revolver debt was used to repay debt and financial liabilities over the course of 2014, according to a company press release.

Proceeds also will be used for general corporate purposes.

Brixmor is an internally managed real estate investment trust based in New York that owns and operates a wholly owned portfolio of grocery-anchored community and neighborhood shopping centers.

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