HOUSTON — Weingarten Realty Investors announced the pricing of $250 million of 3.250% notes due 2026 in an underwritten public offering. The notes were offered at 99.155% of the principal amount with a yield to maturity of 3.350%. The offering is scheduled to close on August 11, 2016, subject to customary closing conditions. Weingarten intends to use the net proceeds to repay a portion of the amount outstanding under its $500 million unsecured revolving credit facility. Merrill Lynch, Pierce, Fenner & Smith Incorporated, JP Morgan Securities LLC, Regions Securities LLC, and US Bancorp Investments Inc. served as joint book-running managers. BB&T Capital Markets, a division of BB&T Securities LLC, Capital One Securities Inc., Jefferies LLC and Scotia Capital (USA) Inc. served as co-managers for the offering. The offering of the notes is being made pursuant to an effective registration statement filed with the Securities and Exchange Commission . The offering of the notes will be made only by means of a prospectus supplement and the accompanying prospectus. HOUSTON — Weingarten Realty Investors announced the pricing of $250 million of 3.250% notes due 2026 in an underwritten public offering. The notes were offered at 99.155% of the principal amount with a yield to maturity of 3.350%. The offering is scheduled to close on August 11, 2016, subject to customary closing conditions. Weingarten intends to use the net proceeds to repay a portion of the amount outstanding under its $500 million unsecured revolving credit facility.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
