Kite Realty Group LP issues $350M 5.500% Senior Notes due 2034

KITE REALTY GROUP TRUST

Issued $350M aggregate principal of 5.500% Senior Notes due March 1, 2034.
Net proceeds to repay $120M unsecured term loan and $150M of 4.58% Senior Notes Series B due 2024.
Interest payable semi-annually on March 1 and September 1, starting September 1, 2024.
Notes are unsecured, unsubordinated obligations; may be redeemed at any time before December 1, 2033 at make-whole premium.
Indenture includes financial covenants: max leverage 60%, max secured debt 40%, minimum EBITDA/debt service 1.50x, minimum unencumbered assets 150% of unsecured debt.

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