Latham & Watkins Represents Kimco Realty in US$500 Million Notes Offering

Kimco Realty Corporation (NYSE: KIM), a real estate investment trust (REIT) headquartered in Jericho, New York, that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets, has announced that its subsidiary, Kimco Realty OP, LLC, has priced a public offering of US$500 million aggregate principal amount of 6.400% notes due 2034 with an effective yield of 6.456%, maturing March 1, 2034. The notes will be fully and unconditionally guaranteed by Kimco Realty Corporation. The offering is expected to settle on October 12, 2023, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Kimco Realty in the offering with a capital markets team led by partners Joel Trotter, Julia Thompson, and Chuck Cassidy, with associates Gary DePalo and Mari Gonzalez. Advice was also provided on tax matters by partner Ana O'Brien, with associates Brian Rogers and Joe Marcus.