Kite Realty prices USD 300 million 3.25% exchangeable senior notes due 2032

Kite Realty Group Trust

KRG

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Kite Realty Group priced a USD 300 million private offering of 3.25% exchangeable senior notes due 2032.
Initial purchasers received an option to buy up to an additional USD 45 million of the notes.
Net proceeds estimated at about USD 291.8 million, rising to about USD 335.7 million if the option is fully exercised.
Proceeds earmarked for capped call transactions, a roughly USD 30 million share repurchase, repayment or redemption of USD 300 million 4% senior unsecured notes due 2026.
Notes expected to close July 2; initial exchange price about USD 35.4 a share, a 22.5% premium to the June 29 close.

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. Kite Realty Group Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606300545PRIMZONEFULLFEED9754582) on June 30, 2026, and is solely responsible for the information contained therein.

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