debt
confidence high
sentiment neutral
materiality 0.50
Kimco OP prices $500M of 5.300% notes due 2036, yield 5.354%
Kimco Realty OP, LLC
- Issued $500M aggregate principal of 5.300% Notes due February 1, 2036, fully guaranteed by Kimco Realty Corporation.
- Effective yield of 5.354%; offering expected to settle on June 26, 2025.
- Net proceeds to repay borrowings under its $2.0B unsecured revolving credit facility and fund acquisitions.
- Joint book-runners include Wells Fargo, BNP Paribas, PNC, RBC, Truist, Barclays, BMO, TD Securities.
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