Retail Opportunity Investments Corp (ROIC)

[Enterprising Investor]

Retail Opportunity Investments Corp. Agrees to Sell $200 Million of Senior Unsecured Notes Due 2026 (7/27/16)

SAN DIEGO, July 27, 2016 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) (The “Company”), announced today that it has agreed to sell $200 million principal amount of 3.95% Senior Unsecured Notes in a private placement. The Company expects to issue the notes in September 2016. The notes will mature on the ten year anniversary of their issuance.

Proceeds from the financing will be used to repay amounts outstanding under the Company’s $500 million revolving credit facility and for general corporate purposes.

The Senior Unsecured Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act") or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and applicable state securities laws. This press release is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of March 31, 2016, ROIC owned 75 shopping centers encompassing approximately 8.8 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services and Standard & Poor's. Additional information is available at: www.roireit.net.

https://globenewswire.com/news-release/2016/07/27/859211/0/en/Retail-Opportunity-Investments-Corp-Agrees-to-Sell-200-Million-of-Senior-Unsecured-Notes-Due-2026.html