Retail Opportunity Investments Corp. Prices Offering of Senior Unsecured Notes
14 Setembro 2023 - 10:40PM
Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today
that its operating partnership, Retail Opportunity Investments
Partnership, LP (the “Operating Partnership”), has priced an
offering of $350 million aggregate principal amount of 6.750%
senior unsecured notes in an underwritten public offering. The
notes will mature on October 15, 2028. Interest on the notes
will be paid semi-annually on April 15 and October 15, commencing
on April 15, 2024. ROIC expects to use the net proceeds from
the offering for the repayment and refinancing of debt, including
the Operating Partnership’s 5.000% Senior Notes due 2023 and
outstanding borrowings under its unsecured term loan, and for
general corporate purposes. The offering is expected to close
on September 21, 2023, subject to customary closing conditions.
J.P. Morgan Securities LLC, BofA Securities,
Inc., PNC Capital Markets LLC, Wells Fargo Securities, LLC, KeyBanc
Capital Markets Inc. and U.S. Bancorp Investments, Inc. acted as
joint book-running managers. M&T Securities, Inc. and Regions
Securities LLC acted as co-managers.
This offering was made pursuant to an effective
shelf registration statement and prospectus and related prospectus
supplement filed with the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any notes nor will there be any
sale of these notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful. A copy of the final
prospectus supplement and accompanying prospectus relating to the
offering may be obtained by contacting: J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, Attn: Prospectus Department,
1155 Long Island Avenue, Edgewood, New York 11717, or toll-free at
1-866-803-9204; BofA Securities, Inc., NC1-022-02-25, 201 North
Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus
Department, Email: dg.prospectus_requests@bofa.com; PNC Capital
Markets LLC toll-free at 1-855-881-0697 or Wells Fargo Securities,
LLC 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402,
Attention: WFS Customer Service, or by calling: 1-800-645-3751, or
by emailing: wfscustomerservice@wellsfargo.com.
ABOUT RETAIL OPPORTUNITY INVESTMENTS
CORP.
Retail Opportunity Investments Corp. (NASDAQ:
ROIC), is a fully-integrated, self-managed real estate investment
trust (a “REIT”) that specializes in the acquisition, ownership and
management of grocery-anchored shopping centers located in
densely-populated, metropolitan markets across the West Coast. As
of June 30, 2023, ROIC owned 93 shopping centers encompassing
approximately 10.6 million square feet. ROIC is the largest
publicly-traded, grocery-anchored shopping center REIT focused
exclusively on the West Coast. ROIC is a member of the S&P
SmallCap 600 Index.
When used herein, the words “believes,”
“anticipates,” “projects,” “should,” “estimates,” “expects,” and
similar expressions are intended to identify forward-looking
statements within the meaning of that term in Section 27A of the
Securities Act of 1933, as amended, and in Section 21F of the
Securities Exchange Act of 1934, as amended. Certain statements
contained herein may constitute “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results of ROIC to differ materially from future results
expressed or implied by such forward-looking statements.
Information regarding such risks and factors is described in ROIC's
filings with the SEC, including its most recent Annual Report on
Form 10-K.
CONTACT:
Nicolette O’Leary Director of Investor Relations
858-677-0900 noleary@roireit.net
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