Kimco Realty unit issues $600 million of 3.50% exchangeable senior notes due 2031
On June 15, 2026, Kimco Realty OP, LLC, a subsidiary of Kimco Realty Corporation, issued $600 million of 3.50% exchangeable senior notes due 2031, including $75 million from an option granted to the initial purchasers. The parent company fully and unconditionally guarantees the notes on a senior, unsecured basis. For shareholders, the filing adds $600 million of debt and could lead to new common shares being issued if noteholders exchange their notes.
Key points
- Total principal of $600 million, including $75 million of option notes, issued June 15, 2026 by Kimco Realty OP, LLC
- Interest of 3.50% per year, paid semi-annually beginning December 15, 2026; notes mature June 15, 2031
- Initial exchange price of approximately $32.36 per share, equal to 30.9028 shares per $1,000 principal amount
- Issuer may settle exchanges entirely in cash or in a combination of cash and Kimco common stock; parent guarantees the notes
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.