Federal Realty Investment Trust. 8-K Other Events

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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)

April 10, 2023

Federal Realty Investment Trust

Federal Realty OP LP

(Exact name of registrant as specified in its charter)

Federal Realty Investment Trust

Maryland	1-07533	87-3916363
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Federal Realty OP LP

Delaware	333-262016-01	52-0782497
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

909 Rose Avenue, Suite 200 , North Bethesda , Maryland	20852-4041
(Address of principal executive offices)	(Zip Code)

Registrants’ telephone number including area code:

301/998-8100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Federal Realty Investment Trust

Title of Each Class	Trading Symbol	Name of Each Exchange On Which Registered
Common Shares of Beneficial Interest $.01 par value per share, with associated Common Share Purchase Rights	FRT	New York Stock Exchange
Depositary Shares, each representing 1/1000 of a share of 5.00% Series C Cumulative Redeemable Preferred Stock, $.01 par value per share	FRT-C	New York Stock Exchange

Federal Realty OP LP

Title of Each Class	Trading Symbol	Name of Each Exchange On Which Registered
None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule

12b-2

of the Securities Exchange Act of 1934.

Federal Realty Investment Trust

☐

Federal Realty OP LP

☐

If an emerging growth company, indicate by checkmark if the registrant has elected not use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events

On April 10, 2023, Federal Realty Investment Trust (the “Company”) announced that its operating partnership, Federal Realty OP LP (the “Partnership”), entered into an underwriting agreement with J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC and BofA Securities, Inc., as representatives of the several underwriters named in Schedule 1 to the underwriting agreement, whereby the Partnership agreed to issue and sell $350,000,000 aggregate principal amount of 5.375% Notes due 2028 (the “Notes”) in an underwritten public offering.

The offering of the Notes closed on April 12, 2023. The Notes are governed by the Indenture, dated as of September 1, 1998, as amended by the First Supplemental Indenture, dated as of January 5, 2022, between the Partnership and U.S. Bank Trust Company, National Association (successor to U.S. Bank National Association (successor trustee to Wachovia Bank, National Association (successor trustee to First Union National Bank))).

The Notes are senior unsecured obligations of the Partnership and rank equally with all of the Partnership’s existing and future senior unsecured indebtedness. The Notes bear interest at 5.375% per annum, and interest is payable on May 1 and November 1 of each year, beginning on November 1, 2023. The Notes will mature on May 1, 2028. The Notes will not be guaranteed by the Company or any of its or the Partnership’s subsidiaries.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits .

Exhibit Number	Description
1.1	Underwriting Agreement, dated April 10, 2023, by and among the Partnership and J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC and BofA Securities, Inc., as representatives of the underwriters named in Schedule 1 thereto
4.1	Form of 5.375% Note due 2028
5.1	Opinion of Pillsbury Winthrop Shaw Pittman LLP relating to legality of the securities being issued by the Partnership
8.1	Opinion of Pillsbury Winthrop Shaw Pittman LLP relating to material tax matters relating to the Partnership
23.1	Consents of Pillsbury Winthrop Shaw Pittman LLP (contained in the opinions filed as Exhibits 5.1 and 8.1 hereto)
104	Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	FEDERAL REALTY INVESTMENT TRUST
	FEDERAL REALTY OP LP
Date: April 12, 2023	/s/ Dawn M. Becker
	Dawn M. Becker
	Executive Vice President-General Counsel and Secretary