The latest update is out from Kimco Realty ( (KIM) ).
Kimco Realty OP, LLC has finalized Amendment No. 3, increasing its term loan facility with TD Bank to $550 million, with the additional $50 million borrowed maintaining the same terms as the original loans. This strategic financial move, guaranteed by Kimco Realty Corporation, aims to bolster the company’s financial position for general corporate purposes, including debt management and potential investments. The announcement was made public via a press release and is accompanied by fixed interest rates through a swap agreement, showcasing Kimco Realty’s commitment to stable and responsible financial growth.
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