Weingarten Realty selling $250 million 10-year notes Thursday

By Aleesia Forni

Virginia Beach, Oct. 3 - Weingarten Realty Investors is in Thursday's market with a $250 million offering of 10-year senior notes (Baa2/BBB/), according to an informed source and a 424B5 filing with the Securities and Exchange Commission.

Bookrunners are 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.

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