Cases & Deals

DDR issues $300 million of 3.375% Notes in public offering

Client(s) DDR Corp.

Jones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its issuance of $300 million of 3.375% Notes due 2023 in a public offering, underwritten by UBS Securities LLC; RBS Securities Inc.; U.S. Bancorp Investments, Inc.; Jefferies LLC; Scotia Capital (USA) Inc.; and several other institutional banks.

DDR Corp. expects to use substantially all net proceeds from the offering to fund part of the cash costs in connection with its acquisition of a portfolio of prime shopping centers from an existing joint venture with Blackstone Real Estate Partners VII.