Kimco Realty markets offering of notes in tranches due 2024 and 2046

By Cristal Cody

Eureka Springs, Ark., Nov. 1 – Kimco Realty Corp. is in the deal pipeline with a two-part investment-grade offering of notes, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday.

The deal includes notes due 2024 and notes due 2046.

BofA Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including to repay up to $400 million of a $650 million term loan due in January 2017 and to pre-fund 2017 debt maturities.

Kimco Realty is a New York-based publicly traded owner and operator of open-air shopping centers.

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