20
Aug

Federal Realty Investment Trust Prices $100 Million Reopening of its 3.20% Notes due 2029

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Federal Realty Investment Trust (NYSE: FRT) today announced the pricing of its public offering of $100 million aggregate principal amount of 3.20% Notes due 2029 (the “Notes”) at an effective yield of 2.744%.

The Notes will have the same terms and be of the same series as the notes Federal Realty first issued on June 7, 2019.

Upon consummation of the offering, Federal Realty will have a total of $400 million of such series of notes outstanding.

The offering is expected to close on August 21, 2019, subject to customary closing conditions.

BofA Securities, Inc., Jefferies LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Regions Securities LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. acted as co-managers for the offering.

Federal Realty intends to use the net proceeds from this offering to reduce amounts outstanding under its revolving credit facility and for general corporate purposes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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