Kimco Realty offers notes due 2032 via six bookrunners

By Rebecca Melvin

Concord, N.H., Feb. 15 – Kimco Realty Corp. plans to price an offering of notes due 2032, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and a three-month par call.

Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds of the notes, as well as cash on hand, will be used to redeem all of Kimco Realty’s outstanding 3.4% notes due Nov. 1, 2022.

The New Hyde Park, N.Y.-based real estate investment trust owns and operates open-air shopping centers.

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