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Kimco to redeem $284.9 million of 3.2% senior notes due 2021
By Taylor Fox
New York, Aug. 10 – Kimco Realty Corp. plans to redeem all $284,905,000 principal amount of its 3.2% outstanding senior notes due 2021 (Cusip: 49446RAL3) on Aug. 25, according to a news release.
The redemption price will be $1,014.80 per $1,000 principal amount plus interest.
Kimco will incur a prepayment charge of approximately $4.2 million, which will impact its net income and funds from operations during the third quarter of 2020.
Bank of New York Mellon (800 254 2826) is the paying agent.
The New Hyde Park, N.Y.-based real estate investment trust owns and operates open-air shopping centers.
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