Form 8-K · Current report
Federal Realty Investment Trust 8-K, filed Aug 11, 2026
- Filed
- CIK
- 0000034903
- Accession no.
- 0001193125-26-344547
Summary
Federal Realty OP LP, the operating partnership of Federal Realty Investment Trust, issued $460 million aggregate principal amount of 3.500% exchangeable senior notes due 2031, including $60 million from the initial purchasers' full exercise of their option, and sold them to qualified institutional buyers in a private placement exempt from registration. The notes are exchangeable initially at 7.2179 common shares per $1,000 principal (about $138.54 per share), mature August 15, 2031, and the issuer and parent granted registration rights to the representatives Wells Fargo Securities, BofA Securities, J.P. Morgan Securities and Truist Securities.
Key points
- The notes are senior unsecured obligations of the issuer, are not guaranteed by the parent, and rank equally with existing and future unsecured, unsubordinated indebtedness.
- Interest is payable semiannually on February 15 and August 15, beginning February 15, 2027.
- The issuer may redeem the notes on or after August 20, 2029 if the common share price has been at least 130% of the exchange price for at least 20 trading days in a 30-trading-day period, and may also redeem to preserve the parent's REIT status or if less than 10% of the notes remain outstanding.
- Net proceeds are partly used to pay for capped call transactions, with the remainder intended for debt repayment and general corporate purposes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 3.02Unregistered Sales of Equity Securities
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry into a Material Definitive Agreement The information set forth below under the heading “Registration Rights Agreement” in Item 8.01 is incorporated by reference under this Item 1.01. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant The information set forth below under the heading “3.500% Exchangeable Senior Notes due 2031” in Item 8.01 is incorporated by reference under this Item 2.03. Item 3.02 Unregistered Sale of Equity Securities. The information set forth below under the heading “3.500% Exchangeable Senior Notes due 2031” in Item 8.01 is incorporated by reference under this Item 3.02. …
An excerpt of the text as filed with the SEC, cut for length.
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