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Weingarten Realty Investors Announces Note Pricing

HOUSTON—Weingarten Realty Investors announced the pricing of $250 million of 3.250% notes due 2026 in an underwritten public offering, scheduled to close on August 11, 2016, subject to customary closing conditions.

By Lisa Brown | lisabrown | | Updated on August 03, 2016

 

Notes Weingarten Realty Investors announced the pricing of $250 million of 3.250% notes due 2026.
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.

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