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SECURITIES AND EXCHANGE COMMISSION
UNITED STATES
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) June 13, 2003
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REGENCY CENTERS CORPORATION
(Exact name of registrant as specified in its charter)
Florida 001-12298 59-3191743
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
121 West Forsyth Street, Suite 200 32202
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Jacksonville, Florida
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (904)-598-7000
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Not Applicable
(Former name or former address, if changed since last report)
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Item 9. Regulation FD Disclosure
Regency Centers Corporation announced yesterday that it has agreed to purchase
up to $150 million of stock from Security Capital Group Incorporated in
connection with Security Capital's sale of shares in an underwritten public
offering and private sales contracts with certain of the underwriters. Regency
will pay the same price per share as the offering price to the public. Based on
the $34.45 closing price of Regency's common stock on the New York Stock
Exchange on June 12, 2003, Regency would acquire up to approximately 4,354,000
shares concurrently with the closing of the public offering.
Regency plans to fund the share repurchase in the near term by drawing on its
line of credit and over time by reducing the amount so drawn through:
o accelerating the sale of non-core assets; and
o additional property dispositions through expanded joint
venture activities.
Regency expects that the long-term impact of the transaction will generally be
balance-sheet and earnings neutral.
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This Form 8-K contains forward-looking statements about the impact of the share
purchase. Regency believes that these forward-looking statements are based on
reasonable assumptions. However, actual results may be materially different from
these forward-looking statements. Any share repurchase and the actual dollar
amount of the share repurchase are conditioned on the number of other shares
that Security Capital sells in the offering. Uncertainties that could affect
actual results following the repurchase include (1) the timing and prices of
asset sales and joint venture transactions and (2) changes in interest rates.
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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
(registrant)
June 13, 2003 By: /s/ J. Christian Leavitt
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J. Christian Leavitt, Senior Vice
President, Finance and Principal
Accounting Officer
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