05:14 PM EDT, 06/17/2025 (MT Newswires) -- Kite Realty Group Trust ( KRG ) said Tuesday its operating partnership priced a $300 million public offering of 5.200% senior notes due in 2032.

The notes will be sold at 99.513% of face value, with a yield to maturity of 5.281%, the company said.

Interest will be paid semi-annually starting February 15, 2026, it added.

The offering is expected to close on June 27, pending customary conditions, according to the company.

The company said net proceeds will be used to repay existing debt and for general corporate purposes.

Shares of the company were down about 1.9% in recent after-hours activity.