Kimco Realty OP, LLC Announces Proposed Exchangeable Senior Notes Offering
Kimco Realty OP, LLC intends to offer $500 million in exchangeable senior notes due 2031, with an option to issue an additional $75 million. The company plans to use approximately $125 million of the net proceeds to repurchase shares of its common stock concurrently with the pricing of the offering.
Key figures
- Deal Value Usd
- 500000000
- Glas sqft
- 100 million
- Maturity date
- June 15, 2031
- Buyback amount
- 125000000
- Portfolio count
- 565
- Over allotment option
- 75000000
AI analysis
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