Kimco Realty Corp. Files 8-K
Ticker: KIM-PN · Form: 8-K · Filed: Sep 13, 2024 · CIK: 879101
| Field | Detail |
|---|---|
| Company | Kimco Realty Corp (KIM-PN) |
| Form Type | 8-K |
| Filed Date | Sep 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00, $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, real-estate
Related Tickers: KIM
TL;DR
KIMCO files 8-K, material agreement signed 9/12. Details TBD.
AI Summary
Kimco Realty Corp. entered into a material definitive agreement on September 12, 2024. The filing also includes Regulation FD disclosures and financial statements/exhibits. Specific details of the agreement, including any dollar amounts or parties involved, are not provided in this excerpt.
Why It Matters
This 8-K filing indicates a significant event for Kimco Realty Corp., potentially impacting its business operations or financial structure.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications for the company, but the specific nature of the agreement is not detailed in this excerpt.
Key Players & Entities
- KIMCO REALTY CORP (company) — Filer
- Kimco Realty OP, LLC (company) — Filer
- 0001140361-24-041002 (document_id) — Accession Number
- 20240913 (date) — Filing Date
- 20240912 (date) — Period of Report
FAQ
What is the nature of the material definitive agreement entered into by Kimco Realty Corp. on September 12, 2024?
The provided excerpt does not specify the details of the material definitive agreement.
Who are the parties involved in the material definitive agreement?
The excerpt does not identify the other parties to the agreement.
Are there any financial implications or dollar amounts associated with this agreement mentioned in the filing?
The excerpt does not contain specific financial figures or dollar amounts related to the agreement.
What is the purpose of the Regulation FD Disclosure mentioned in the filing?
Regulation FD disclosures are typically made to ensure that material information is broadly disseminated to the public, preventing selective disclosure.
What type of financial statements and exhibits are included with this 8-K filing?
The excerpt states that financial statements and exhibits are included, but does not list their specific contents.
Filing Stats: 990 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-09-13 07:42:49
Key Financial Figures
- $1.00 — Cumulative Redeemable, Preferred Stock, $1.00 par value per share. KIMprL New Yor
- $500 million — rsuant to which Kimco OP agreed to sell $500 million in aggregate principal amount of its 4.
Filing Documents
- ny20034130x10_8k.htm (8-K) — 42KB
- ny20034130x10_ex1-1.htm (EX-1.1) — 258KB
- ny20034130x10_ex99-1.htm (EX-99.1) — 16KB
- ny20034130x10_ex99-1im01.jpg (GRAPHIC) — 94KB
- 0001140361-24-041002.txt ( ) — 714KB
- kim-20240912.xsd (EX-101.SCH) — 5KB
- kim-20240912_def.xml (EX-101.DEF) — 21KB
- kim-20240912_lab.xml (EX-101.LAB) — 32KB
- kim-20240912_pre.xml (EX-101.PRE) — 23KB
- ny20034130x10_8k_htm.xml (XML) — 12KB
01. Entry
Item 1.01. Entry Into a Material Definitive Agreement. On September 12, 2024, Kimco Realty Corporation, a Maryland corporation (the "Company"), and Kimco Realty OP, LLC, a Delaware limited liability company ("Kimco OP" and, together with the Company, "Kimco"), entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc., Mizuho Securities USA LLC, Regions Securities LLC, U.S. Bancorp Investments, Inc. and Scotia Capital (USA) Inc., as representatives of the several underwriters (collectively, the "Underwriters"), pursuant to which Kimco OP agreed to sell $500 million in aggregate principal amount of its 4.850% Notes due 2035 (the "Notes"). The Notes will be fully and unconditionally guaranteed by the Company. The Notes are being offered and sold pursuant to a prospectus supplement and related base prospectus filed with the Securities and Exchange Commission pursuant to Kimco's shelf registration ordinary course of business. Kimco intends to use the net proceeds from the offering for general corporate purposes, including, but not limited to, funding for suitable investments and redevelopment opportunities and the repayment of outstanding indebtedness at or in advance of maturity. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by the full text of the Underwriting Agreement, which is attached as Exhibit 1.1 to this Current Report on Form 8-K and incorporated by reference herein.
01. Regulation
Item 7.01. Regulation FD Disclosure. On September 12, 2024, the Company issued a press release (the "Pricing Press Release") announcing the pricing of the public offering of the Notes discussed in Item 1.01 above. A copy of the Pricing Press Release is attached hereto as Exhibit 99.1, and is incorporated herein by reference. The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Financial
Item 9.01. Financial (d) Exhibits 1.1 Underwriting Agreement, dated September 12, 2024, by and among Kimco Realty Corporation, Kimco Realty OP, LLC and BofA Securities, Inc., Mizuho Securities USA LLC, Regions Securities LLC, U.S. Bancorp Investments, Inc. and Scotia Capital (USA) Inc., as representatives of the several underwriters. 99.1 Pricing Press Release, dated September 12, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KIMCO REALTY CORPORATION Date: September 13, 2024 By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer KIMCO REALTY OP, LLC By: KIMCO REALTY CORPORATION, Managing Member Date: September 13, 2024 By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer