8-K
filed October 22, 2021, 7:59 PM ET
ticker KRG
CIK 0001286043
M&A
confidence high
sentiment neutral
materiality 0.85
Kite Realty closes merger with RPAI; RPAI holders get 0.623 KRG shares
KITE REALTY GROUP TRUST
- Merger completed Oct 22, 2021; each RPAI share converted into 0.623 Kite Realty common shares.
- KRG Board expands to 13; appoints Bonnie Biumi, Gerald Gorski, Steven Grimes, Peter Lynch as trustees.
- KRG Operating Partnership assumes $350M 4.00% notes due 2025 and $400M 4.75% notes due 2030.
- KRG terminates existing $850M revolver; assumes RPAI's $850M revolver and $470M term loans via amendments.
- Merger triggers prepayment offer on $450M private placement notes; KRG expects most holders to decline.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Lee A. Daniels retired as trustee at KITE REALTY GROUP TRUST.
- Action
- retired
- Role
- trustee
Exact text from the filing
Lee A. Daniels retired from the Kite Realty Board contingent and effective upon the occurrence of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Steven P. Grimes was appointed as trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- trustee
Exact text from the filing
Kite Realty increased in the size of the Kite Realty Board from 10 trustees to 13 trustees and appointed Bonnie S. Biumi, Gerald M. Gorski, Steven P. Grimes and Peter L. Lynch to fill such newly created vacancies.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Bonnie S. Biumi was appointed as trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- trustee
Exact text from the filing
Kite Realty increased in the size of the Kite Realty Board from 10 trustees to 13 trustees and appointed Bonnie S. Biumi, Gerald M. Gorski, Steven P. Grimes and Peter L. Lynch to fill such newly created vacancies.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gerald M. Gorski was appointed as trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- trustee
Exact text from the filing
Kite Realty increased in the size of the Kite Realty Board from 10 trustees to 13 trustees and appointed Bonnie S. Biumi, Gerald M. Gorski, Steven P. Grimes and Peter L. Lynch to fill such newly created vacancies.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Peter L. Lynch was appointed as trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- trustee
Exact text from the filing
Kite Realty increased in the size of the Kite Realty Board from 10 trustees to 13 trustees and appointed Bonnie S. Biumi, Gerald M. Gorski, Steven P. Grimes and Peter L. Lynch to fill such newly created vacancies.
View on SEC.gov
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