Kimco issues make-whole call for $290.92 million, C$350 million notes

By Angela McDaniels

Tacoma, Wash., July 26 – Kimco Realty Corp. will redeem its $290,915,000 5.7% senior notes due 2017 and KRCX North Holdings, LLC’s C$150 million series 3 5.99% notes due 2018 and C$200 million series 4 3.855% notes due 2020, according to company news releases.

The redemption date is Aug. 26.

The redemption price for the 5.7% notes will be par plus a make-whole amount to be determined on Aug. 23 by reference to the applicable Treasury rate plus 20 basis points.

The redemption prices for the Canadian dollar-denominated notes will be par plus a make-whole amount that will total about C$11.6 million for the series 3 notes and about C$21.5 million for the series 4 notes.

In each case, holders will also receive accrued interest up to but excluding the redemption date.

Kimco Realty is a real estate investment trust based in New Hyde Park, N.Y., that owns and operates open-air shopping centers.

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