Brixmor Issues $400M 5.375% Senior Notes at 99.63% of Par
BRX•Brixmor Operating Partnership LP priced $400 million of 5.375% senior notes due June 15, 2036 at 99.628% of par, paying interest semi-annually beginning December 15, 2026. The proceeds will support general corporate purposes, including refinancing outstanding 4.125% senior notes due 2026, with closing scheduled for May 5, 2026.
1. Offering Details
Brixmor Operating Partnership LP has priced an offering of $400 million aggregate principal amount of 5.375% senior notes due June 15, 2036. The notes are issued at 99.628% of par value, with interest payable semi-annually on June 15 and December 15, commencing December 15, 2026.
2. Use of Proceeds and Closing
Net proceeds from the offering will be used for general corporate purposes, including repayment of all or a portion of the outstanding 4.125% senior notes maturing in 2026. The transaction is expected to close on May 5, 2026, subject to satisfaction of customary conditions.
