December 3, 2009 (FinancialWire) — Equity One, Inc. (NYSE: EQY), an owner, developer, and operator of shopping centers, said it has priced the sale of $250 million principal amount of 6.25% senior unsecured notes due December 15, 2014.

The notes were offered to investors at a price of 99.136% with a yield to maturity of 6.454%, representing a spread at the time of pricing of 4.375% to the November 30, 2014 Treasury note. Net proceeds of the offering will be used to repay existing indebtedness under the company’s unsecured revolving credit facility, to repay or reduce other indebtedness, including mortgage indebtedness on certain of the company’s properties, and for other general corporate purposes, including future acquisitions, redevelopments and developments. The sale of the notes is expected to close on or about December 9, 2009.

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