Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated September 30, 2010
Relating to Preliminary Prospectus Supplement dated September 30, 2010
to Prospectus dated March 21, 2008
Registration Nos. 333-149856 and 333-149856-01
REGENCY CENTERS, L.P.
Pricing Term Sheet
| Issuer: |
Regency Centers, L.P. | |
| Security: |
4.80% Notes due 2021 (the “Notes”) | |
| Size: |
$250,000,000 | |
| Guarantee: |
Regency Centers Corporation, the general partner of Regency Centers, L.P., will guarantee the payment of principal and interest of the Notes. | |
| Coupon (Interest Rate): |
4.80% per annum | |
| Interest Payment Dates: |
April 15 and October 15, commencing on April 15, 2011 | |
| Maturity: |
April 15, 2021 | |
| Price to Public: |
99.860% of principal amount, plus accrued interest, if any, from the date of original issuance | |
| Trade Date: |
September 30, 2010 | |
| Settlement Date: |
T+5; October 7, 2010 | |
| Net Proceeds: |
$248,025,000 (after deducting underwriting discount and before expenses associated with the transaction) | |
| Redemption Provision: |
In full or in part at any time; prior to January 15, 2021, make-whole call based on U.S. Treasury plus 0.35% (35 basis points) and, on or after January 15, 2021, redeemable at 100%. | |
| Yield to maturity: |
4.817% | |
| Spread to Benchmark Treasury: |
230 basis points | |
| Benchmark Treasury: |
U.S. Treasury 2.625% due August 15, 2020 | |
| Benchmark Treasury Price and Yield: |
100–30; 2.517% | |
| Expected Ratings (Moody’s / S&P / Fitch)*: |
Baa2 / BBB / BBB+ | |
| Denomination: |
$1,000 and integral multiples of $1,000 in excess thereof | |
| CUSIP / ISIN: |
75884RAS2 / US75884RAS22 | |
| Joint Book-Running Managers: |
J.P. Morgan Securities LLC | |
| Wells Fargo Securities, LLC | ||
| Co-Managers: |
PNC Capital Markets LLC Morgan Keegan & Company Inc. SunTrust Robinson Humphrey, Inc. Daiwa Capital Markets America Inc. Comerica Securities, Inc. U.S. Bancorp Investments, Inc. Mizuho Securities USA Inc. Mitsubishi UFJ Securities (USA), Inc. RBC Capital Markets Corporation |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it by calling J.P. Morgan Securities LLC at (212) 834-4533 (collect) or calling or e-mailing Wells Fargo Securities, LLC at (800) 326-5897 or prospectus.specialrequests@wachovia.com.
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