Kimco amends revolver to put in place CDOR rates for Canadian loans

By Marisa Wong

Madison, Wis., June 7 - Kimco Realty Corp. amended the credit agreement that governs its $1.75 billion revolving credit facility to clarify the manner in which the eurocurrency rate for loans denominated in Canadian dollars will be calculated, according to an 8-K filed Friday with the Securities and Exchange Commission.

The eurocurrency rate for Canadian dollar-denominated loans will now be calculated with CDOR, because Libor has recently been discontinued for Canadian dollars.

Kimco amended its credit agreement dated Oct. 27, 2011 with JPMorgan Chase Bank, NA as administrative agent on June 3.

Kimco is a real estate investment trust based in New Hyde Park, N.Y.

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