EX-99.(A)(7) 2 ex99a_7.htm EXHIBIT 99.(A)(7) ex99a_7.htm
 


 
 
2600 Citadel Plaza Drive
P.O. Box 924133
Houston, Texas 77292-4133



NEWS RELEASE

Information: Kristin Gandy, Director of Investor Relations, Phone: (713) 866-6050

 
WEINGARTEN REALTY INVESTORS ANNOUNCES
THE RESULTS OF ITS TENDER OFFER FOR ITS
3.950% CONVERTIBLE SENIOR UNSECURED NOTES DUE AUGUST 1, 2026

Houston, TEXAS (July 14, 2009) – Weingarten Realty Investors (NYSE: WRI) announced today the final results of the cash tender offer (the "Maximum Tender Offer") for its outstanding 3.950% Convertible Senior Unsecured Notes due August 1, 2026 (the "Convertible Notes").  The Maximum Tender Offer expired at 12:00 midnight, New York City time, on July 13, 2009 (the "Maximum Tender Offer Expiration Date").  Based on information received from Global Bondholder Services Corporation, Weingarten's Information Agent, the following table summarizes, among other things, the aggregate principal amount of the Convertible Notes validly tendered and not validly withdrawn at or before the Maximum Tender Offer Expiration Date.  Weingarten has accepted for payment all Convertible Notes validly tendered and not validly withdrawn pursuant to the Maximum Tender Offer.  Weingarten expects that the payment for the Convertible Notes purchased pursuant to the Maximum Tender Offer will be made in same-day funds on July 16, 2009.

 


CUSIP Number
 
Title of Security
 
Aggregate Principal Amount Outstanding
   
Aggregate Principal Amount Tendered and Accepted
   
Percentage of Outstanding Principal Amount Tendered
 
948741AF0/948741AE3
 
3.950% Convertible Senior Unsecured Notes due August 1, 2026
  $ 454,921,000     $ 319,686,000      70.27%  



 
J.P. Morgan Securities Inc. was the Dealer Manager and Global Bondholder Services Corporation acted as the Depositary and Information Agent for the Maximum Tender Offer.
 
The Maximum Tender Offer was made pursuant to the Offer to Purchase dated June 1, 2009 and the related Letter of Transmittal, as amended.
 
Forward-Looking Statements
 
In addition to historical information, this press release contains forward-looking statements. These statements are based on current expectations, estimates and projections about the industry and markets in which Weingarten operates, management's beliefs, and assumptions made by management. It is important to note that Weingarten's actual results could differ materially from those projected in such forward-looking statements. Forward-looking statements are not

 
 
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guarantees of future performance and involve certain risks and uncertainties which are difficult to predict. Reference is made to Weingarten's regulatory filings with the Securities and Exchange Commission for information or factors that may impact Weingarten's performance.
 
About Weingarten Realty Investors
 
As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty (NYSE: WRI) is celebrating its 60th anniversary as a commercial real estate owner, manager and developer, formed in 1948. Focused on delivering solid returns to shareholders, Weingarten is actively developing, acquiring, and intensively managing properties in 23 states that span the United States from coast-to-coast. The Company's portfolio of 404 properties includes 323 neighborhood and community shopping centers and 81 industrial properties. Including tenant-owned square footage, the Company's portfolio currently totals approximately 73 million square feet under management. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,300 tenants comprising less than 3% of its rental revenues. To learn more about the Company's operations and growth strategies, please visit www.weingarten.com.
 

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