secwatch.observer — SEC 8-K summary
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Issuer:     Kimco Realty OP, LLC (—)
CIK:        0001959472
Form:       8-K
Filed at:   2026-06-11T12:40:41+00:00
Accession:  0001140361-26-024883
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimco OP prices $525M 3.50% exchangeable notes; upsized from $500M, $104.7M share repurchase
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- Principal upsized to $525M; 3.50% interest, due June 15, 2031; settlement June 15, 2026.
- Initial exchange price ~$32.36/share, 27.5% premium over $25.38 close on June 10, 2026.
- Net proceeds ~$513.5M; $104.7M used to buy 4,125,900 shares concurrently.
- Initial purchasers can buy up to $75M additional notes; notes guaranteed by Kimco Realty Corp.
- Remaining proceeds for debt repayment, acquisitions, investments, and redevelopment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1959472/000114036126024883/0001140361-26-024883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879101/000114036126024883/ef20076085_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-024883

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