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Fitch Rates Brixmor OP's $500MM 3.875% Notes due 2022 'BBB-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB-' credit rating to the $500 million unsecured notes issued by Brixmor Operating Partnership LP, a subsidiary of Brixmor Property Group, Inc. (NYSE: BRX). The 2022 notes were priced at 99.223% of par, or at 4.003%, a 200 basis point spread to the benchmark treasury. BRX expects to use all or a portion of the net proceeds from this offering to refinance maturing indebtedness and for general corporate purposes. The Rating Outlook is Stab

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