Regency Centers to pay down line of credit with proceeds of note sale

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – Regency Centers, LP plans to repay borrowings under its line of credit with proceeds from an offering of new notes, according to a filing with the Securities and Exchange Commission.

Amounts drawn under the line of credit bear interest at Libor plus 92.5 basis points per year, according to the filing.

Based in Jacksonville, Fla., Regency is an owner and operator of retail shopping centers.

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