Kimco Realty (KIM) has issued an announcement.
Kimco Realty OP secured an additional $300 million in loans through an amendment with TD Bank and various lenders, raising its total outstanding loans to $500 million. This move, under the same terms as the original loans, enhances Kimco’s financial flexibility, backed by a parent company guarantee. Additionally, administrative responsibilities shifted from TD Bank to Toronto Dominion (Texas) LLC. The amendment’s details, which have significant implications for investors tracking Kimco’s financial strategies, were publicly announced and are detailed in their recent press release.
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