debt
confidence high
sentiment neutral
materiality 0.50
Kimco Realty to redeem $613.6M of 2023 notes, incurring ~$0.4M prepayment charge
KIMCO REALTY CORP
- Redemption of $299.67M of 3.50% Notes due 2023 and $313.925M of 3.125% Senior Notes due 2023.
- Redemption date is September 9, 2022; price includes make-whole premium plus accrued interest.
- Prepayment charge of approximately $0.4 million will affect Q3 2022 Net Income and FFO.
- Notices of redemption mailed to holders on August 10, 2022.