Kimco Realty (KIM) Prices $500M Notes Offering
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Kimco Realty® Announces Pricing of $500 Million Aggregate Principal Amount of 6.400% Notes due 2034
October 2, 2023 6:54 PM EDTJERICHO, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corporation (NYSE: KIM) (the Company) today announced that its subsidiary, Kimco Realty OP, LLC (Kimco OP and, together with the Company, Kimco), has priced a public offering of $500 million aggregate principal amount of 6.400% notes due 2034 (the notes) with an effective yield of 6.456%, maturing March 1, 2034. The notes will be fully and unconditionally guaranteed by the Company. The offering is expected to settle on October 12, 2023, subject to the satisfaction of customary closing conditions.
Kimco intends to use the net proceeds from the offering for general corporate purposes, including, but... More
