debt
confidence high
sentiment neutral
materiality 0.50
Kimco Realty prices $600M of 3.200% notes due 2032 to refinance 2022 notes
KIMCO REALTY CORP
- Issued $600M aggregate principal of 3.200% notes due April 1, 2032; effective yield 3.297%.
- Net proceeds plus cash on hand to redeem all outstanding 3.400% Senior Notes due 2022.
- Offering priced Feb 15, 2022; settlement expected Feb 25, 2022.
- Joint book-runners include Barclays, BNP Paribas, Citigroup, J.P. Morgan, RBC, Wells Fargo.