Tuesday, December 1, 2020

Brixmor Property Group Prices Secondary Offering

Must read

The Ultimate Guide To Gmail Productivity: 25 Must-Have Tips, Tricks, And Time Savers

From its not so humble beginnings as a non-prank released on April Fool's Day in 2004 to its billion-plus users today, Google’s illustrious email...

6 Instagram Tips for Financial Marketers

To say Instagram is popular is an understatement. As of June 2016, the community has grown to more than 500 million users, and more...

How-To Create Content for RankBrain

A major topic of discussion in the tech world is Artificial Intelligence, or AI as some call it. Self-learning systems have been adopted in...

Buying a car at an auction – six top tips

Buying a car at an auction can be daunting, so here's everything you need to know before you go, with input from two leading...




Image result for water transportation

NEW YORK, Aug. 11, 2016 /PRNewswire/ — Brixmor Property Group Inc. (BRX) (“Brixmor” or the “Company”) announced today the pricing of a secondary offering of 42,400,000 shares of its common stock by certain selling stockholders (the “Selling Stockholders”) affiliated with Blackstone Real Estate Partners, which is expected to result in gross proceeds to the Selling Stockholders of approximately $1.17 billion.  The offering is expected to close on August 16, 2016, subject to customary closing conditions.  Upon consummation of this offering and Blackstone’s related distribution of its remaining 455,585 shares in the Company to its partners, Blackstone will no longer beneficially own shares in the Company.

Brixmor did not offer any shares of common stock in the offering and will not receive any proceeds from the sale of shares in this offering. In addition, none of Brixmor’s officers or directors sold any shares of common stock in the offering.

J.P. Morgan and Deutsche Bank Securities are serving as underwriters and joint book-running managers for the offering.

The offering of these securities is being made pursuant to an effective shelf registration statement. This offering will be made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204, and Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836,  by telephone at (800) 503-4611.  The final prospectus, when available, may also be accessed through the website of the Securities and Exchange Commission (the “SEC”) atwww.sec.gov.




This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Brixmor Property Group

Brixmor, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company’s more than 500 retail centers comprise 86 million square feet in market-dominant locations across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as service and entertainment users. Brixmor is committed to maximizing the value of its portfolio by prioritizing investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing repositioning and redevelopment projects. Headquartered in New York City, Brixmor is a partner to more than 5,500 best-in-class national, regional and local tenants and is the largest landlord to The TJX Companies and The Kroger Company.

Safe Harbor Language

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.




More articles

Latest article

The Ultimate Guide To Gmail Productivity: 25 Must-Have Tips, Tricks, And Time Savers

From its not so humble beginnings as a non-prank released on April Fool's Day in 2004 to its billion-plus users today, Google’s illustrious email...

6 Instagram Tips for Financial Marketers

To say Instagram is popular is an understatement. As of June 2016, the community has grown to more than 500 million users, and more...

How-To Create Content for RankBrain

A major topic of discussion in the tech world is Artificial Intelligence, or AI as some call it. Self-learning systems have been adopted in...

Buying a car at an auction – six top tips

Buying a car at an auction can be daunting, so here's everything you need to know before you go, with input from two leading...

7 lessons about money you need to teach your kids

Financial master and writer, Jonathan Clements, recently took to Twitter with a simple list of lessons kids need to know about money. Though short...