|
Issuer / Guarantor
|
Kimco Realty OP LLC
|
|
Size
|
USD 525mn
|
|
Type
|
Convertible
|
|
Leads
|
JP Morgan, Barclays, Morgan Stanley, Scotia Capital, BMO Capital, BNY Mellon, BoA, Citigroup, Goldman Sachs, Mizuho, RBC, Santander, TD Cowen, Truist, Wells Fargo
|
|
|
|
|
Maturity
|
15 Jun 2031 (5 years)
|
|
Coupon
|
3.5% (3.375 - 3.875%)
|
|
Premium
|
27.5% (25 - 30%)
|
|
Calls
|
NC3; PC @ 130% w table MW
|
|
Puts
|
t/o @ 100%
|
|
Div protection
|
Ratio adjustment (for excess above threshold)
|
|
T/o protection
|
Make-whole table
|
|
CoCo
|
130% to Mar 2031 (4.8 yrs)
|
|
Announced
|
10 Jun 2026
|
Please log in to see more... Login