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Kimco Realty OP, LLC Announces Proposed Exchangeable Senior Notes Offering

Benzinga·
Kimco Realty OP, LLC Announces Proposed Exchangeable Senior Notes Offering

Kimco Realty's operating subsidiary announced a proposed offering of $500 million in exchangeable senior notes due 2031, with an additional $75 million option. The company plans to use approximately $125 million of net proceeds for share repurchases and the remainder for general corporate purposes including debt redemption and acquisition opportunities.

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