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Fitch Rates Regency Centers' $250MM Sr. Notes Due 2025 'BBB': Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB' credit rating to the $250 million unsecured notes issued by Regency Centers L.P., a subsidiary of Regency Centers Corp. (NYSE: REG). The 2025 notes were priced at 99.264% of par, or at 3.989%, a 175 basis point spread to the benchmark treasury. REG expects to use the net proceeds to pay amounts outstanding on the Company's line of credit. KEY RATING DRIVERS The rating is based on consistent operating fundamentals, the improvement in

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