Kimco Realty OP issues $675M of 3.50% Exchangeable Senior Notes due 2031

Kimco Realty OP, LLC

Kimco Realty OP issued $675M aggregate principal amount of 3.50% Exchangeable Senior Notes due 2031 (including $75M option notes exercised).
Notes are exchangeable into Kimco common stock at initial exchange price of ~$32.36/share (30.9028 shares per $1,000 principal).
Interest at 3.50% payable semi-annually; maturity June 15, 2031; issuer may redeem after June 20, 2029 under certain conditions.
Notes are senior unsecured obligations, guaranteed by Kimco Realty Corporation; registered resale rights agreement filed.
Issuer may settle exchanges in cash or combination of cash and shares; maximum of 23.6M shares issuable initially.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kimco Realty OP, LLC entered into Indenture for 3.50% Exchangeable Senior Notes due 2031 with U.S. Bank Trust Company, National Association valued at $675,000,000 aggregate principal amount of 3.50% Exchangeable Senior Notes due 2031 (effective 2026-06-15).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $675,000,000 aggregate principal amount of 3.50% Exchangeable Senior Notes due 2031
Effective: 2026-06-15

Exact text from the filing

On June 15, 2026, Kimco Realty OP, LLC (the “ Issuer ”), a subsidiary of Kimco Realty Corporation (the “ Company ”), issued $600,000,000 principal amount of its 3.50% Exchangeable Senior Notes due 2031 (the “ Notes ”). The Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of June 15, 2026, among the Issuer, the Company and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).

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Source: SEC EDGAR

accession 0001140361-26-025223

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