| Regency Centers Sells $400 Million of Ten-Year Senior Unsecured Notes
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Regency Centers Corporation (NYSE:REG) announced today that its operating partnership, Regency Centers, L.P., completed the sale of $400 million of 5.875% ten-year senior unsecured notes under its existing shelf registration statement. The notes are due June 15, 2017 and were priced at 99.527%. Interest on the notes will be payable semiannually on June 15th and December 15th of each year, beginning on December 15, 2007. The net proceeds will be used to reduce borrowings under Regency's corporate line of credit. JPMorgan and Wachovia Securities acted as joint bookrunning lead managers for the transaction. The co-managers were Piper Jaffray & Co., Wells Fargo Securities, PNC Capital Markets, SunTrust Capital Markets, Morgan Keegan & Co., Comerica Securities, ABN AMRO, Mizuho Securities USA, Mitsubishi UFJ Securities International, Daiwa Securities America, and RBC Capital Markets.
Overspending on Kids Risks Parents' Financial Future
STRETCHING A $30,000 income isn't easy for Brittiany Dillon and her husband. Each month, gas and grocery bills alone eat up their disposable cash. But when it comes to their two-year-old daughter, the young parents she is 21 and he is 23 simply can't say no. "You want your child to have this idyllic childhood and not say 'My mommy never did this for me,'" says Dillon, a stay-at-home mom. For both her first and second birthday, the couple threw their daughter a birthday bash that set them back at least $600. Christmas gifts, planned to not exceed $50, somehow hit at least $300. That may not seem like a lot of money, but it's a fortune for the Dillons, who last year moved back in with family so they could make payments on their $30,000 credit-card debt, accumulated after a failed business start-up.
Bridge Finance Group Provides $39.15 Million Financing Package to ...
CHICAGO, May 31 /PRNewswire-FirstCall/ -- Bridge Finance Group today announced the completion of a $23.5 million revolving line of credit, a $15.0 million direct finance lease and a $650 thousand term loan to Simply Goodies, LLC ("Simply Goodies"). Simply Goodies is a newly formed entity through the merger of Blueberry Hill Foods, one of the nation's largest manufacturers of private label candies located in El Paso, Texas with manufacturing in Juarez, Mexico and Warner Candy Co., a leading re-packager of candy and snacks located in Elk Grove, IL. "Bridge Finance Group is an efficient and effective partner that will allow us to take advantage of significant synergies to take our business to the next level," said Rick Anglin, Chief Executive Officer of Simply Goodies, LLC. "Bridge was very professional and flexible throughout the entire process from initial contact to loan closing." "Both Bridge Finance Group and Simply Goodies continued to provide solutions to transaction complexities, including cross-border lending and the merger of two significant companies," said Randy Abrahams, President and CEO of Bridge Finance Group.
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