UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 4, 2014
REGENCY CENTERS CORPORATION REGENCY CENTERS, L.P.
(Exact name of registrant as specified in its charter)
| Florida (Regency Centers Corporation) | 1-12298 (Regency Centers Corporation) | 59-3191743 (Regency Centers Corporation) | ||
| Delaware (Regency Centers, L.P.) | 0-24763 (Regency Centers, L.P.) | 59-3429602 (Regency Centers, L.P.) | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| One Independent Drive, Suite 114 Jacksonville, Florida |
32202 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number including area code: (904)-598-7000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01 | Other Events. |
On March 4, 2014, Regency Centers Corporation (the “Company”) established a new “at the market” or continuous offering program pursuant to which the Company may issue and sell, from time to time, up to $200,000,000 aggregate offering price of its common stock, par value $0.01 per share (“Shares”), through sales agents. The new continuous offering program is being conducted under the Company’s new shelf registration statement and replaces the prior $200,000,000 continuous offering program previously established in August 2013. The Company had offered and sold an aggregate of approximately $1.6 million of its common stock through the previous continuous offering program.
In connection with the new continuous offering program, the Company and Regency Centers, L.P. (the “Operating Partnership”) entered into amendments to the equity distribution agreements previously entered into with each of Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Jefferies LLC. The purpose of the amendments to the prior equity distribution agreements was to reflect the terms of the new continuous offering program.
Sales of Shares, if any, will be made in negotiated transactions or transactions that are deemed to be “at the market” offerings, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange. The Company will pay the sales agents compensation for sales of Shares at a mutually agreed rate that will not exceed 2.0% of the gross sales price of the Shares.
The description of the agreements referenced above do not purport to be complete and are qualified in their entirety by reference to Exhibit 1.1 to this report. Filed as Exhibit 1.1 to this report is Amendment No. 2 to the Equity Distribution Agreement among the Company, the Operating Partnership and Wells Fargo Securities, LLC dated March 4, 2014 (the “Wells Amendment”). The amendments to prior equity distribution agreements with the other sales agents are substantially identical in all material respects to the Wells Amendment except for the identities of the parties, and have not been filed as exhibits to this report pursuant to Instruction 2 to Item 601 of Regulation S-K.
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| Item 9.01 | Financial Statements and Exhibits |
| Exhibit |
Description | |
| 1.1 | Amendment No. 2 to Equity Distribution Agreement among the Company, the Operating Partnership and Wells Fargo Securities, LLC dated March 4, 2014 | |
| 5.1 | Opinion of Foley & Lardner LLP as to the legality of the Shares. | |
| 8.1 | Opinion of Foley & Lardner LLP regarding certain tax matters. | |
| 23.1 | Consent of Foley & Lardner LLP (included in Exhibits 5.1 and 8.1). | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| REGENCY CENTERS CORPORATION | ||||||
| March 4, 2014 | By: | /s/ Michael J. Mas | ||||
| Michael J. Mas, Senior Vice President | ||||||
| REGENCY CENTERS, L.P. | ||||||
| By: | Regency Centers Corporation, | |||||
| its general partner | ||||||
| March 4, 2014 | By: | /s/ Michael J. Mas | ||||
| Michael J. Mas, Senior Vice President | ||||||