Kimco Realty Corp. Files 8-K for Material Agreement

TL;DR

KIMCO just signed a big deal for preferred stock, check the 8-K.

AI Summary

Kimco Realty Corp. entered into a material definitive agreement on September 16, 2024, related to its preferred stock. The filing also includes financial statements and exhibits, with the company's fiscal year ending on December 31st.

Why It Matters

This filing indicates a significant contractual event for Kimco Realty Corp., potentially impacting its capital structure and investor relations concerning its preferred stock.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Numbers

• 5.125% — Preferred Stock Dividend Rate (Class L preferred stock rate)
• 5.250% — Preferred Stock Dividend Rate (Class M preferred stock rate)

Key Players & Entities

• Kimco Realty Corp. (company) — Filer of the 8-K
• Kimco Realty OP, LLC (company) — Related entity
• 5.125% Class L Cumulative Redeemable Preferred Stock (stock) — Subject of the agreement
• 5.250% Class M Cumulative Redeemable Preferred Stock (stock) — Subject of the agreement
• September 16, 2024 (date) — Date of the material definitive agreement

FAQ

Key Financial Figures

• $1.00 — Cumulative Redeemable Preferred Stock, $1.00 par value per share. KIMprL New Yor
• $500 million — eted an underwritten public offering of $500 million in aggregate principal amount of its 4.

Filing Documents

• ny20034130x11_8k.htm (8-K) — 54KB
• ny20034130x11_ex4-1.htm (EX-4.1) — 48KB
• ny20034130x11_ex5-1a.htm (EX-5.1(A)) — 23KB
• ny20034130x11_ex5-1b.htm (EX-5.1(B)) — 17KB
• ny20034130x11_ex5-1aimg01.jpg (GRAPHIC) — 17KB
• ny20034130x11_ex5-1bimg01.jpg (GRAPHIC) — 398KB
• 0001140361-24-041241.txt ( ) — 950KB
• kim-20240916.xsd (EX-101.SCH) — 5KB
• kim-20240916_def.xml (EX-101.DEF) — 21KB
• kim-20240916_lab.xml (EX-101.LAB) — 32KB
• kim-20240916_pre.xml (EX-101.PRE) — 23KB
• ny20034130x11_8k_htm.xml (XML) — 12KB

01

Item 1.01. Entry Into a Material Definitive Agreement. On September 16, 2024, Kimco Realty OP, LLC, a Delaware limited liability company ("Kimco OP"), completed an underwritten public offering of $500 million in aggregate principal amount of its 4.850% Notes due 2035 (the "Notes"). The Notes are fully and unconditionally guaranteed by Kimco Realty Corporation, a Maryland corporation (the "Company"). The Notes are governed by the Indenture, dated as of September 1, 1993, as supplemented by the First Supplemental Indenture, dated as of August 4, 1994, the Second Supplemental Indenture, dated as of April 7, 1995, the Third Supplemental Indenture, dated as of June 2, 2006, the Fourth Supplemental Indenture, dated as of April 26, 2007, the Fifth Supplemental Indenture, dated as of September 24, 2009, the Sixth Supplemental Indenture, dated as of May 23, 2013, and the Seventh Supplemental Indenture, dated as of April 24, 2014, each between Kimco OP and The Bank of New York Mellon (as successor to IBJ Schroder Bank & Trust Company), as trustee (the "Trustee"), and the Eighth Supplemental Indenture, dated as of January 3, 2023, among Kimco OP, the Company and the Trustee, as further amended or supplemented from time to time. A copy of the form of Global Note, including the form of Notation of Guarantee, for the Notes is attached hereto as Exhibit 4.1 and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Form of Global Note for 4.850% Notes due 2035, including the form of Notation of Guarantee 5.1(a) Opinion of Latham & Watkins LLP, as to the legality of the 4.850% Notes due 2035, dated September 16, 2024 5.1(b) Opinion of Venable LLP, as to the legality of the 4.850% Notes due 2035, dated September 16, 2024 23.1(a) Consent of Latham & Watkins LLP (contained in the opinion filed as Exhibit 5.1(a)) 23.1(b) Consent of Venable LLP (contained in the opinion filed as Exhibit 5.1(b)) 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 16, 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 16, 2024 By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR