New Issue: Weingarten Realty sells $250 million 4.45% notes due 2024 at Treasuries plus 190 bps

By Aleesia Forni

Virginia Beach, Oct. 3 - Weingarten Realty Investors came to Thursday's market with a $250 million offering of 4.45% senior notes (Baa2/BBB/) due 2024 priced with a spread of Treasuries plus 190 basis points, according to an informed source and an FWP filing with the Securities and Exchange Commission.

Pricing was at 99.583 to yield 4.499%.

Bookrunners were J.P. Morgan Securities LLC, RBC Capital Markets and Wells Fargo Securities LLC.

Proceeds will be used to repay amounts outstanding under a $500 million unsecured revolving credit facility borrowed for general corporate purposes.

The real estate investment trust for shopping centers is based in Houston.

Issuer:	Weingarten Realty Investors
Amount:	$250 million
Description:	Senior notes
Maturity:	Jan. 15, 2024
Bookrunners:	J.P. Morgan Securities LLC, RBC Capital Markets, Wells Fargo Securities LLC
Co-managers:	Scotia Capital (USA) Inc., U.S. Bancorp Investments Inc., PNC Capital Markets LLC, Regions Securities LLC, BB&T Capital Markets, Capital One Securities Inc., SMBC Nikko Securities America, Inc., Williams Capital Group LP
Coupon:	4.45%
Price:	99.583
Yield:	4.499%
Spread:	Treasuries plus 190 bps
Trade date:	Oct. 3
Settlement date:	Oct. 15
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB
Make-whole call:	Treasuries plus 30 bps

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