Kimco Realty (KIM) prices $600 million senior note offering.
Kimco Realty Corp. (KIM) announced today that it has priced an offering of $600 million 3.200% senior unsecured notes due 2032. The notes were priced at a discount to yield 3.297%, or +125 bps to the treasury curve. Settlement date is February 25, 2022. The company said that proceeds from the offering would be used to redeem KIM's $500 million 3.400% senior notes due November 1, 2022.
Kimco Realty is one of the largest owners of community shopping centers in the U.S. The company's current portfolio includes interests in 421 consolidated and 120 joint venture properties with an aggregate 93 million sf of GLA. KIM is a member of the S&P 500 with a total market capitalization of approximately $23 billion.
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Kimco Realty is one of the largest owners of community shopping centers in the U.S. The company's current portfolio includes interests in 421 consolidated and 120 joint venture properties with an aggregate 93 million sf of GLA. KIM is a member of the S&P 500 with a total market capitalization of approximately $23 billion.
02/15/2022