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Kimco Realty to fully redeem 3.4% senior notes due 2022 on March 2
Chicago, Feb. 15 – Kimco Realty Corp. will redeem all $500 million total principal amount of its 3.4% senior notes due 2022 (Cusip: 49446RAN9) on March 2, according to a press release.
The notes were issued on Sept. 1, 1993.
The redemption price for the notes is $1,012.94 per $1,000 note, plus interest to the redemption date.
The company will incur a prepayment charge of $6.5 million, which will impact net income and funds from operations by approximately negative $0.01 each per diluted share during the first quarter of 2022.
Questions about the redemption should be directed to paying agent Bank of New York Mellon (800 254-2826).
The Jericho, N.Y.-based real estate investment trust owns and operates open-air grocery-anchored shopping centers and mixed-use assets.
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