DDR completes registered offering of $400 million of Notes

Client(s) DDR Corp.

Jones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered offering of $400 million of 4.25% Notes due 2026. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and UBS Securities LLC acted as representatives of the underwriters.

DDR may use all or a portion of the net proceeds it receives from the offering of the Notes to repay debt under its $750 million unsecured revolving credit facility and for general corporate purposes, which may include the repayment of secured and unsecured debt from time to time. DDR may use all or a portion of the net proceeds it receives from the offering of the Notes, together with cash on hand, to satisfy the cash obligations in connection with the repurchase, redemption or conversion of its $350 million aggregate principal amount of 1.75% Convertible Senior Notes due 2040.