Federal Realty launches private placement of $400 million exchangeable senior notes due 2031
Reuters2026/08/06 11:09- Federal Realty Investment Trust launched a Rule 144A private placement of USD 400 million exchangeable senior notes due 2031.
- Deal includes an initial purchasers’ option for up to an additional USD 60 million of notes during a 13-day window from issuance.
- Notes may be exchangeable into cash up to principal, then cash or common shares, potentially creating unregistered share issuance.
- Net proceeds earmarked for capped call costs, debt repayment, general corporate purposes, temporary revolver repayment.
- Notes, common shares issuable on exchange remain unregistered under the Securities Act, limited to qualified institutional buyers.
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