debt
confidence high
sentiment neutral
materiality 0.60
Kimco Realty redeems $500M 3.4% Senior Notes due 2022 at $1,012.94 per $1,000
KIMCO REALTY CORP
- Redeeming all $500M outstanding 3.400% Senior Notes on March 2, 2022.
- Redemption price of $1,012.94 per $1,000 principal plus accrued interest.
- Prepayment charge ~$6.5M reduces Q1 2022 diluted EPS and FFO by ~($0.01).
- Notes issued under Indenture with Bank of New York Mellon as trustee.