debt
confidence high
sentiment neutral
materiality 0.55
Kimco Realty prices $650M 4.600% notes due 2033 to refinance near-term debt
KIMCO REALTY CORP
- Priced $650M aggregate principal of 4.600% notes due Feb. 1, 2033; effective yield 4.670%.
- Net proceeds to redeem all outstanding 3.50% notes due 2023 and 3.125% notes due 2023.
- Settlement expected Aug. 24, 2022; joint book-runners include BMO, PNC, U.S. Bancorp, Wells Fargo.
- Additional proceeds to be used for general corporate purposes and redevelopment investments.