07:22 AM EDT, 06/11/2026 (MT Newswires) -- Kimco Realty ( KIM ) said Thursday it priced a $525 million offering of 3.50% exchangeable senior notes due 2031, in a private placement to institutional investors.

The company said the offering, expected to close on Monday, was upsized from $500 million.

Initial purchasers were granted a 13-day option to buy up to $75 million in additional notes, the company said.

Proceeds of the offering will be used to repurchase about $105 million of its shares, with the remainder to be used for general corporate purposes, including debt repayment and property investments, the company said.