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Kimco Realty to redeem remaining 2021 notes via new 2028 notes
By Marisa Wong
Los Angeles, Aug. 10 – Kimco Realty Corp. plans to redeem all of its outstanding 3.2% notes due May 2021, according to a 424B5 filing with the Securities and Exchange Commission.
On July 30 the company had redeemed $200 million of the 2021 notes at 101.656 and incurred a prepayment charge of about $3.3 million.
The company intends to redeem the remaining notes using proceeds from an offering of senior notes due 2028. As of Aug. 10, there was $284.9 million principal amount outstanding.
The New Hyde Park, N.Y.-based real estate investment trust owns and operates open-air shopping centers.
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