Brixmor to repay revolver borrowings with proceeds of new bonds

New York, May 31 – Brixmor Operating Partnership LP plans to repay borrowings outstanding on its $1.25 billion revolving credit facility using proceeds from a sale of new senior notes.

As of May 31, the company had $171 million drawn on the revolver at an interest rate of 2.14%, according to a 424B5 filing with the Securities and Exchange Commission.

Other proceeds from the new notes will be used for general corporate purposes.

Brixmor Operating Partnership is the operating partnership of Brixmor Property Group Inc., a New York-based real estate investment trust specializing in community and neighborhood shopping centers.

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