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Kimco Realty plans to price new offering of notes
By Lisa Kerner
Charlotte, N.C., Aug. 9 – Kimco Realty Corp. plans to price a new offering of notes, according to a form 424B5 filed with the Securities and Exchange Commission.
Barclays, J.P. Morgan Securities LLC and USB Investment Bank are the joint bookrunners.
Proceeds will be used to fund the previously announced redemption of $290.9 million of outstanding 5.7% senior notes due May 1, 2017, with the remainder, if any, to be used for general corporate purposes, including to pre-fund 2017 debt maturities, including $137.2 million of mortgage debt outstanding with an interest rate of 6.32%.
Kimco is a real estate investment trust for shopping centers based in New Hyde Park, N.Y.
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