December 13, 2017

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Federal Realty Investment Trust Prices $175 Million Reopening Of Its 2027 Senior Unsecured Notes

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ROCKVILLE, Md., Dec. 7, 2017 /PRNewswire/ — Federal Realty Investment Trust (NYSE: FRT) today announced the pricing of its public offering of $175 million aggregate principal amount of 3.25% senior unsecured notes due 2027. The notes were offered at 99.404% of the principal amount with a re-offer yield of 3.323%. Interest on the notes will be payable on January 15 and July 15 each year, beginning January 15, 2018. The notes will have the same terms and be of the same series as the notes that Federal Realty issued on June 23, 2017 and, upon consummation of this offering, Federal Realty will have a total of $475 million of such notes outstanding. The offering is expected to close on December 21, 2017, subject to the satisfaction of customary closing conditions.

Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, Regions Securities LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, and U.S. Bancorp Investments, Inc. acted as co-managers for the offering.

Federal Realty intends to use the net proceeds from this offering to redeem all of its outstanding 5.90% Notes due 2020 and for general corporate purposes, which may include, without limitation, paying down the outstanding balance under its revolving credit facility.

The offering is being made only by means of a prospectus supplement and an effective registration statement (including a prospectus), which have been filed with the SEC. A copy of the prospectus supplement and accompanying prospectus for the offering may be obtained by contacting (i) Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attention: Prospectus Group, or by calling 1-800-503-4611 or by email at prospectus.cpdg@db.com, (ii) Goldman Sachs & Co. LLC by calling 1-866-471-2526, (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@baml.com, or (iv) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, or by calling 1-800-645-3751 or by email at wfscustomerservice@wellsfargo.com. Alternatively, you may get these documents for free by visiting the SEC’s website at www.sec.gov.  

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Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail

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