Kimco said Kimco Realty OP, LLC entered into an underwriting agreement with BofA Securities, Inc. and other lead underwriters to sell $500 million of 4.850% Notes due 2035, dated September 12, 2024.

1. 01

   Kimco said Kimco Realty OP, LLC entered into an underwriting agreement with BofA Securities, Inc. and other lead underwriters to sell $500 million of 4.850% Notes due 2035, dated September 12, 2024.

2. 02

   The company said the notes were priced at an effective yield of 4.873% and mature on March 1, 2035. It said the offering is expected to settle on September 16, 2024, subject to customary closing conditions.

3. 03

   The company said Kimco Realty OP, LLC's notes will be fully and unconditionally guaranteed by Kimco Realty Corporation. The notes are being offered under a prospectus supplement and related base prospectus filed under Form S-3 shelf registration statement.

4. 04

   The company said it plans to use the net proceeds from the offering for general corporate purposes. These include funding suitable investments and redevelopment opportunities and repaying outstanding indebtedness at or before maturity.

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