05:09 PM EDT, 08/12/2024 (MT Newswires) -- Regency Centers ( REG ) said late Monday its Regency Centers ( REG ) operating partnership priced a $325 million offering of senior unsecured notes due Jan. 15, 2035.

The notes were issued at 99.813% of par value with a coupon of 5.1%.

Regency intends to use the net proceeds to reduce the outstanding balance on its line of credit and for general corporate purposes such as debt repayments.