(Source: Fitch Inc) 04 Aug 2015 4:08 PM GMT/UTC Fitch Rates Brixmor OP's $500MM 3.875% Notes due 2022 'BBB-'; Outlook Stable Fitch Ratings-New York-04 August 2015: Fitch Ratings has assigned a 'BBB-' credit rating to the $500 million unsecured notes issued by Brixmor Operating Partnership LP, a subsidiary of Brixmor Property Group, Inc. (NYSE: BRX). The 2022 notes were priced at 99.223% of par, or at 4.003%, a 200 basis point spread to the benchmark treasury. BRX expects to use all or a portion of the net proceeds from this offering to refinance maturing indebtedness and for general corporate purposes. The Rating Outlook is Stable. KEY RATING DRIVERS Brixmor's ratings reflect the company's...
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