Kimco Realty Announces Redemption Price for its 6.875% Senior Notes due 2019
August 20 2018 - 9:01PM
Business Wire
Kimco Realty Corp. (NYSE: KIM) today announced that it has
established the redemption price of $1,042.54 for each $1,000
principal amount of its 6.875% Senior Notes due 2019 (CUSIP No.
49446R AJ8) (the “Senior Notes”), calculated in accordance with the
terms of the indenture governing the Senior Notes, plus accrued and
unpaid interest on the Senior Notes to, but excluding, the
redemption date of August 23, 2018. Kimco previously announced, on
July 24, 2018, that it would redeem $300,000,000 aggregate
principal amount of its outstanding Senior Notes on the redemption
date.
A notice of redemption and related materials was provided to
holders of record of the Senior Notes on July 24, 2018, and a
supplemental notice of redemption, dated August 20, 2018, has been
provided to holders of record of the Senior Notes. Holders that
hold their Senior Notes through the Depository Trust Company
(“DTC”) will be redeemed in accordance with the applicable
procedures of DTC. Questions relating to the notice of redemption,
supplemental notice of redemption and related materials should be
directed to The Bank of New York Mellon, in its capacity as paying
agent for the redemption of the Senior Notes (the “Paying Agent”),
at 1-800-254-2826. The address of the Paying Agent is The Bank of
New York Mellon, 500 Ross Street, 12th Floor, Pittsburgh,
Pennsylvania 15262.
This news release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park, N.Y., that is one of North
America’s largest publicly traded owners and operators of open-air
shopping centers. As of June 30, 2018, the company owned interests
in 460 U.S. shopping centers comprising 79 million square feet of
leasable space primarily concentrated in the top major metropolitan
markets. Publicly traded on the NYSE since 1991, and included in
the S&P 500 Index, the company has specialized in shopping
center acquisitions, development and management for 60 years.
SAFE HARBOR STATEMENT
The statements in this news release state the company’s and
management’s intentions, beliefs, expectations or projections of
the future and are forward-looking statements. It is important to
note that the company’s actual results could differ materially from
those projected in such forward-looking statements. Factors which
may cause actual results to differ materially from current
expectations include, but are not limited to, (i) general adverse
economic and local real estate conditions, (ii) the inability of
major tenants to continue paying their rent obligations due to
bankruptcy, insolvency or a general downturn in their business,
(iii) financing risks, such as the inability to obtain equity, debt
or other sources of financing or refinancing on favorable terms to
the company, (iv) the company’s ability to raise capital by selling
its assets, (v) changes in governmental laws and regulations and
management’s ability to estimate the impact of such changes, (vi)
the level and volatility of interest rates and foreign currency
exchange rates and management’s ability to estimate the impact
thereof, (vii) risks related to the Company’s international
operations, (viii) the availability of suitable acquisition,
disposition, development and redevelopment opportunities, and risks
related to acquisitions not performing in accordance with our
expectations, (ix) valuation and risks related to the company’s
joint venture and preferred equity investments, (x) valuation of
marketable securities and other investments, (xi) increases in
operating costs, (xii) changes in the dividend policy for the
company’s common and preferred stock and the Company’s ability to
pay dividends at current levels, (xiii) the reduction in the
company’s income in the event of multiple lease terminations by
tenants or a failure by multiple tenants to occupy their premises
in a shopping center, (xiv) impairment charges and (xv)
unanticipated changes in the company’s intention or ability to
prepay certain debt prior to maturity and/or hold certain
securities until maturity. Additional information concerning
factors that could cause actual results to differ materially from
those forward-looking statements is contained from time to time in
the company’s SEC filings.
The company refers you to the documents filed by the company
from time to time with the SEC, specifically the section titled
“Risk Factors” in the company’s Annual Report on Form 10-K for the
year ended December 31, 2017, as may be updated or supplemented in
the company’s Quarterly Reports on Form 10-Q and the company’s
other filings with the SEC, which discuss these and other factors
that could adversely affect the company’s results. The company
disclaims any intention or obligation to update the forward-looking
statements, whether as a result of new information, future events
or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180820005643/en/
Kimco Realty Corp.David F. Bujnicki, 1-866-831-4297Senior Vice
President, Investor Relations and
Strategydbujnicki@kimcorealty.com
Kimco Realty (NYSE:KIM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Kimco Realty (NYSE:KIM)
Historical Stock Chart
From Sep 2023 to Sep 2024