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NEW YORK, Dec. 21, 2020 /PRNewswire/ Brixmor Property Group Inc. (NYSE: BRX) ( Brixmor or the Company ) announced today that its operating partnership, Brixmor Operating Partnership LP (the Operating Partnership ), completed its previously announced redemption of $316,849,000.00 aggregate principal amount of its 3.875% Senior Notes due 2022 (CUSIP Number 11120V AB9) (the Senior Notes ), representing all of the outstanding Senior Notes, on December 18, 2020. The Senior Notes were redeemed pursuant to their terms at 105.133% of the principal amount, plus accrued and unpaid interest up to, but excluding, December 18, 2020. The total aggregate redemption price was $337.3 million, including $4.2 million in accrued interest. The Company financed the redemption with cash on hand. In connection with the redemption, the Company will recognize a loss on extinguishment of debt of approximately $17.5 million in the fourth quarter of 2020.
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