Kimco priced $525M exchangeable senior notes offering
The notes bear 3.50% interest and mature in 2031. Proceeds will fund stock repurchase and general corporate purposes.
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The notes bear 3.50% interest and mature in 2031. Proceeds will fund stock repurchase and general corporate purposes.
Bob De Pauw was a member of the De Pauw family, uncle to colleagues, and a supporter of WDP.
Kimco OP will offer notes due 2031, with an option for an additional $75M, to repurchase shares and for general corporate purposes
The consideration is about $705 Mn in cash and shares. The transaction is expected to close by end 2026.
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