---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-129010"
form_type: "8-K"
ticker: "KRG"
cik: "0001286043"
company_name: "KITE REALTY GROUP TRUST"
filed_at: "2021-10-22T23:59:59+00:00"
generated_at: "2026-06-28T18:44:38.921870+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kite Realty closes merger with RPAI; RPAI holders get 0.623 KRG shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-129010
- form_type: 8-K
- ticker: KRG
- cik: 0001286043
- company_name: KITE REALTY GROUP TRUST
- filed_at: 2021-10-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/tm2130475d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-129010
- JSON: https://secwatch.observer/filing/0001104659-21-129010.json
- Plain text: https://secwatch.observer/filing/0001104659-21-129010.txt

## Key facts
- Executive change
  Lee A. Daniels retired as trustee at KITE REALTY GROUP TRUST.
  - Action: retired
  - Role: trustee
  source text: Lee A. Daniels retired from the Kite Realty Board contingent and effective upon the occurrence of the Effective Time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm
- Executive change
  Steven P. Grimes was appointed as trustee at KITE REALTY GROUP TRUST.
  - Action: appointed
  - Role: trustee
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm
- Executive change
  Bonnie S. Biumi was appointed as trustee at KITE REALTY GROUP TRUST.
  - Action: appointed
  - Role: trustee
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm
- Executive change
  Gerald M. Gorski was appointed as trustee at KITE REALTY GROUP TRUST.
  - Action: appointed
  - Role: trustee
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm
- Executive change
  Peter L. Lynch was appointed as trustee at KITE REALTY GROUP TRUST.
  - Action: appointed
  - Role: trustee
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.