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Kimco Realty ( (KIM) ) just unveiled an announcement.
Kimco Realty Corporation and its subsidiary Kimco Realty OP, LLC have announced the pricing of a $500 million public offering of 4.850% notes due in 2035, guaranteed by the company. This offering is part of a strategy to raise funds for general corporate purposes such as investments, redevelopment, and repaying debts. The notes were introduced to the market with the assistance of several underwriters, including BofA Securities and Mizuho Securities USA. Kimco, a well-established real estate investment trust, focuses on owning and operating grocery-anchored shopping centers and mixed-use properties in key U.S. markets.
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