Regency Centers Corp. Enters Material Definitive Agreement
Ticker: REGCP · Form: 8-K · Filed: Jul 10, 2024 · CIK: 910606
| Field | Detail |
|---|---|
| Company | Regency Centers Corp (REGCP) |
| Form Type | 8-K |
| Filed Date | Jul 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Regency Centers just signed a big deal, watch for financial updates.
AI Summary
Regency Centers Corp. entered into a material definitive agreement on July 10, 2024, related to a direct financial obligation. The filing does not specify the exact nature or dollar amount of the agreement, but it is a significant event for the company.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Regency Centers Corp., which could impact its future financial obligations and operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risks or opportunities that are not yet fully detailed.
Key Players & Entities
- REGENCY CENTERS CORP (company) — Filer
- REGENCY CENTERS LP (company) — Related Entity
- 0000910606 (company) — Central Index Key for REGENCY CENTERS CORP
- 0001066247 (company) — Central Index Key for REGENCY CENTERS LP
FAQ
What is the nature of the material definitive agreement entered into by Regency Centers Corp. on July 10, 2024?
The filing states that Regency Centers Corp. entered into a material definitive agreement on July 10, 2024, but does not specify the details of the agreement itself.
What type of financial obligation is Regency Centers Corp. undertaking?
Regency Centers Corp. is undertaking a direct financial obligation or an obligation under an off-balance sheet arrangement.
Does the filing provide specific dollar amounts for the new financial obligation?
No, the filing does not specify any dollar amounts related to the material definitive agreement or the financial obligation.
What is the primary business of Regency Centers Corp. according to the filing?
Regency Centers Corp. is identified as a Real Estate Investment Trust (REIT) with the Standard Industrial Classification code 6798.
When was Regency Centers Corp. previously known as Regency Realty Corp?
Regency Centers Corp. was formerly known as Regency Realty Corp. with a date of name change on August 13, 1993.
Filing Stats: 721 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-07-10 13:59:01
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value REG The Nasdaq Stock Mark
Filing Documents
- reg-20240710.htm (8-K) — 64KB
- reg-ex4_1.htm (EX-4.1) — 80KB
- img39177343_0.jpg (GRAPHIC) — 52KB
- 0000950170-24-082645.txt ( ) — 460KB
- reg-20240710.xsd (EX-101.SCH) — 59KB
- reg-20240710_htm.xml (XML) — 10KB
01
Item 1.01 Entry into a Material Definitive Agreement Revolving Credit Facility On July 8, 2024, Regency Centers, L.P. ("RCLP"), as borrower, and Regency Centers Corporation ("Regency"), as guarantor, entered into the First Amendment to Sixth Amended and Restated Credit Agreement (the "Credit Agreement"), with the financial institutions party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. The amendment, which is administrative in nature, updates the baseline metric used to calculate sustainability-linked performance targets, which relate to upward or downward adjustments to the applicable interest rate margin if the Company achieves, or fails to achieve, certain specified targets based on Scope 1 and Scope 2 emission standards. The foregoing is not a complete discussion of the amendment and is qualified in its entirety by reference to the full text of the amendment attached to this Current Report on Form 8-K as Exhibit 4.1, which is incorporated herein by reference
03
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 above is incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits 4.1 First Amendment to Sixth Amended and Restated Credit Agreement, dated as of July 8, 2024, by and among Regency Centers, L.P., as borrower, Regency Centers Corporation, as guarantor, Wells Fargo Bank, National Association, as Administrative Agent, and certain lenders party thereto. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL documents) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REGENCY CENTERS CORPORATION July 10, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary REGENCY CENTERS, L.P. Regency Centers Corporation, its general partner July 10, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary 3