Kimco Realty unit issues USD 600 million 3.5% exchangeable senior notes due 2031

Kimco Realty Corporation

Kimco Realty Corporation

KIM

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  • Kimco Realty OP issued USD 600 million of 3.50% Exchangeable Senior Notes due 2031 under an indenture dated June 15, 2026.
  • Deal size included USD 75 million of option notes; Kimco fully and unconditionally guaranteed the notes on a senior, unsecured basis.
  • Notes are exchangeable into common stock at an initial 30.9028 shares per USD 1,000, implying an initial exchange price of about USD 32.36.
  • Issuer can choose cash settlement or a cash-stock mix; notes mature June 15, 2031.
  • Issuer can redeem starting June 20, 2029 if liquidity tests are met and the stock trades above 130% of the exchange price.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kimco Realty Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-025223), on June 15, 2026, and is solely responsible for the information contained therein.

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