BRIXMOR PROPERTY GROUP CLOSES $400 MILLION UNSECURED TERM LOAN

BRIXMOR PROPERTY GROUP CLOSES $400 MILLION UNSECURED TERM LOAN PR Newswire

NEW YORK, Nov. 5, 2026 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), has closed on a new $400 million unsecured delayed-draw term loan facility (the "$400 million Term Loan Facility"). The $400 million Term Loan Facility matures on February 15, 2031, with one twelve-month extension option, and will initially bear interest at SOFR plus 80 basis points based on the Operating Partnership's current credit ratings and including the ability of the Company to obtain more favorable pricing in certain circumstances when the Company's leverage ratio meets defined targets. The Operating Partnership intends to use the proceeds from the $400 million Term Loan Facility to partially fund the previously announced acquisition of Slate Grocery REIT, as well as for other general corporate purposes.