Cases & Deals

DDR completes $450 million registered public offering of Senior 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 public offering of $450 million aggregate principal amount of 4.700% Senior Notes due 2027. Jefferies, J.P. Morgan, and Wells Fargo Securities acted as joint book-running managers for the offering.

DDR intends to use the net proceeds 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.