Other Information
−Removed: On April 24, 2025, the Operating Partnership amended and restated its Revolving Facility and Term Loan Facility.
−Removed: The amendments provide for (i) revolving loan commitments of $ 1.25 billion under the Revolving Facility, scheduled to mature on April 30, 2029 (extending the applicable scheduled maturity date from June 30, 2026);
−Removed: and (ii) a continuation of the existing $ 500.0 million Term Loan Facility scheduled to mature on April 30, 2030 (extending the applicable scheduled maturity date from July 26, 2027).
−Removed: The Revolving Facility includes two six-month maturity extension options, the exercise of which are subject to customary conditions and the payment of a fee on the extended commitments.
−Removed: The interest rate applicable to the Revolving Facility was lowered (for the margins based on the Operating Partnership’s current credit ratings) to SOFR plus 85 basis points from an adjusted SOFR rate plus 85 basis points and the interest rate applicable to the Term Loan Facility was lowered (for the margins based on the Operating Partnership’s current credit ratings), to SOFR plus 95 basis points from an adjusted SOFR rate plus 95 basis points.
−Removed: The Unsecured Credit Facility provides the Company with the ability to obtain more favorable pricing in certain circumstances when the Company’s leverage ratio meets defined targets.
−Removed: The total capacity under the Unsecured Credit Facility as amended and restated on April 24, 2025 is $ 1.75 billion.
−Removed: During the three months ended March 31, 2025, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
+Added: During the three months ended June 30, 2025, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
The following documents are filed as exhibits to this report:
2 unchanged sentences
Filing Exhibit
−Removed: Fourteenth Supplemental Indenture, dated March 4, 2025 between Brixmor Operating Partnership LP, as issuer, and The Bank of New York Mellon, as trustee 8-K 001-36160 3/4/2025 4.2
−Removed: Form of Global Note representing the Notes (included in Exhibit 4.1) 8-K 001-36160 3/4/2025 4.3
−Removed: Fourth Amended and Restated Revolving Credit Agreement, dated as of April 24, 2025, among Brixmor Operating Partnership LP, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and the lenders from time to time party thereto — — — — x
−Removed: Second Amended and Restated Term Loan Agreement, dated as of April 24, 2025, among Brixmor Operating Partnership LP, as borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders from time to time party thereto — — — — x
−Removed: Third Amendment to Employment Agreement, dated February 5, 2025, by and between Brixmor Property Group Inc.
−Removed: Horgan 8-K 001-36160 2/7/2025 10.1
+Added: Fourth Amended and Restated Revolving Credit Agreement, dated as of April 24, 2025, among Brixmor Operating Partnership LP, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and the lenders from time to time party thereto 10-Q 001-36160 4/28/2025 10.1
+Added: Second Amended and Restated Term Loan Agreement, dated as of April 24, 2025, among Brixmor Operating Partnership LP, as borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders from time to time party thereto 10-Q 001-36160 4/28/2025 10.2
Brixmor Property Group Inc.
4 unchanged sentences
Brixmor Operating Partnership LP Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 — — — — x
−Removed: Incorporated by Reference
−Removed: Number Exhibit Description Form File No.
−Removed: Filing Exhibit
Brixmor Property Group Inc.
5 unchanged sentences
101.SCH XBRL Taxonomy Extension Schema Document — — — — x
+Added: Incorporated by Reference
+Added: Number Exhibit Description Form File No.
+Added: Filing Exhibit
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document — — — — x
7 unchanged sentences
BRIXMOR PROPERTY GROUP INC.
−Removed: April 28, 2025 By:
+Added: July 28, 2025 By:
Chief Executive Officer
(Principal Executive Officer)
−Removed: April 28, 2025 By:
+Added: July 28, 2025 By:
/s/ Steven T.
1 unchanged sentence
(Principal Financial Officer)
−Removed: April 28, 2025 By:
+Added: July 28, 2025 By:
/s/ Kevin Brydzinski
5 unchanged sentences
BPG Subsidiary LLC, its sole member
−Removed: April 28, 2025 By:
+Added: July 28, 2025 By:
Chief Executive Officer
(Principal Executive Officer)
−Removed: April 28, 2025 By:
+Added: July 28, 2025 By:
/s/ Steven T.
1 unchanged sentence
(Principal Financial Officer)
−Removed: April 28, 2025 By:
+Added: July 28, 2025 By:
/s/ Kevin Brydzinski
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.