secwatch.observer — SEC 8-K summary
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Issuer:     KITE REALTY GROUP TRUST (KRG)
CIK:        0001286043
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0001104659-21-129010
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 2.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/0001104659-21-129010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286043/000110465921129010/tm2130475d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-129010

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