05:54 PM EDT, 09/12/2024 (MT Newswires) -- Kimco Realty ( KIM ) said late Thursday that its subsidiary, Kimco Realty OP, priced a $500 million offering of 4.85% notes due 2035.

The company expects the notes to have an effective yield of 4.873%.

Kimco ( KIM ) intends to use the net proceeds for general corporate purposes, including funding investments and redevelopment opportunities. It also includes debt repayments.

The offering will likely settle on Sept. 16.

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