- Kimco Realty ( NYSE: KIM ) announced that it will redeem $299.67M of its 3.50% notes due April, 2023 and $313.925M of its 3.125% senior notes due June, 2023 on September 9, 2022.
- The redemption price will be equal to $1,000 plus a make-whole premium for each $1,000 principal amount plus accrued and unpaid interest.
- The company will incur a prepayment charge in connection with the redemption of the April 2023 Notes and the June 2023 Notes of an aggregate of approximately $0.4M, which will impact net income and funds from operations during 3Q22.
For further details see:
Kimco Realty to redeem in full 3.50% notes due 2023 and 3.125% senior notes due 2023