05:20 PM EDT, 07/17/2024 (MT Newswires) -- Kimco Realty ( KIM ) said late Wednesday it has increased the amount available under its unsecured term loan to $500 million from $200 million previously.

The amended loan facility for the real estate investment trust adds four more banks, but maintains all other terms.

The company also has entered interest rate swap agreement fixing the blended rate of the individual loans at 4.78%.

Proceeds from the expanded loan facility will fund general corporate purposes, including paying down its existing borrowings.

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