The Firm represented Brixmor Property Group Inc. in connection with its inaugural investment grade bond offering, which took the form of a registered issuance by its indirect subsidiary, Brixmor Operating Partnership LP, of $700 million aggregate principal amount of 3.850% Senior Notes due 2025. Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering.
Brixmor is a real estate investment trust listed on the New York Stock Exchange under the symbol “BRX.” Brixmor owns and operates the nation's largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 522 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metropolitan statistical areas.
The Simpson Thacher team for the transaction included Josh Bonnie, Edgar Lewandowski, Will Golden, Jonathan Pacheco and Daniel Honeycutt (Capital Markets); and John Hart, Nancy Mehlman, Devin Heckman and David Holmberg (Tax).