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REGENCY CENTERS CORP FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 1, 2014



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On June 27, 2014, Regency Centers, L.P. (the "Operating Partnership"), as Borrower, and Regency Centers Corporation (the "Company"), as Guarantor, amended its existing term loan facility (the "Term Facility") to (i) increase the Term Facility to $165 million with the right by Regency to request an additional increase in the Term Facility to $350 million, (ii) modify the interest rate to LIBOR plus a ratings based margin of 1.15% per annum, subject to adjustment from time to time based on changes to the Company's corporate credit ratings, (iii) add a fee of 0.20% per annum on any remaining delayed draw commitment; (iv) restate certain definitions including "Capitalization Rate" which now means 6.75%, and (v) extend the term of the Term Facility to June 27, 2019.

On June 27, 2014, the Operating Partnership, as Borrower, and the Company, as Guarantor, amended its existing unsecured revolving credit facility (the "Revolving Facility") to restate certain definitions including "Capitalization Rate" which now means 6.75%. The Revolving Facility expires in September 2016. The Company has one, one-year extension option.

On July 1, 2014, the Company issued a press release, which is attached as Exhibit 99.1, announcing the amendment to the Term Facility.

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 Press release dated July 1, 2014



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Source: Edgar Glimpses


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