NEW YORK, Oct. 29, 2013 /PRNewswire/ --Brixmor Property Group Inc. ("Brixmor") today announced the pricing of an initial public offering of 41,250,000 shares of its common stock at $20.00 per share. The shares will be listed on the New York Stock Exchange and trade under the ticker symbol "BRX" beginning tomorrow, October 30, 2013. Brixmor has granted the underwriters a 30-day option to purchase up to an additional 6,187,500 shares at the initial public offering price, less underwriting discounts. The offering is expected to close on November 4, 2013, subject to customary closing conditions.
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Brixmor intends to use the net proceeds of the offering, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the company, primarily for the repayment of indebtedness and certain fees and expenses.
BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities are serving as joint bookrunners and representatives of the underwriters for the offering. The offering of these securities will be made only by means of a prospectus. When available, a copy of the final prospectus relating to the offering can be obtained from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, or by e-mail at dg.prospectus_requests@baml.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at batprospectusdept@citi.com, or by phone at (800) 831-9146; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at (866) 803-9204; or Wells Fargo Securities, 375 Park Avenue, 4th Floor, New York, New York 10152, Attention: Equity Syndicate, or by e-mail at cmclientsupport@wellsfargo.com, or by phone at (800) 326-5897. The final prospectus, when available, may also be accessed through the website of the U.S. Securities and Exchange Commission ("SEC") at www.sec.gov.
A registration statement relating to the securities has been declared effective by the SEC. 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:
Headquartered in New York City, Brixmor owns and operates the nation's largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 520 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metropolitan statistical areas. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. Brixmor is focused on maximizing the value of its portfolio through its extensive leasing capabilities and redevelopment platform.
SOURCE Brixmor Property Group Inc.
