$300 million note sale nets Kimco REIT $297.3 million

09/28/2009 | GlobeSt.com

Kimco Realty said in a securities filing that $220 million of term loans coming due in April 2011 will be paid off with a portion of the $297.3 million proceeds from its successful sale of $300 million of unsecured 10-year notes. The REIT said in a statement the new notes yield 6.897% and mature on Oct. 1, 2019.

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