Kimco Realty Obtains Term Loan
Kimco Realty Corp. (NYSE:KIM), a leading real estate investment trust (REIT), has recently obtained an unsecured term loan worth $400 million to increase its liquidity. The loan is scheduled to mature in April 2014, and includes an accordion feature by virtue of which the company can increase the debt maturity by three additional one-year periods [...]
Kimco Realty Corp. (NYSE:KIM), a leading real estate investment trust (REIT), has recently obtained an unsecured term loan worth $400 million to increase its liquidity. The loan is scheduled to mature in April 2014, and includes an accordion feature by virtue of which the company can increase the debt maturity by three additional one-year periods to April 2017 at its own discretion.
The term loan bears an annualized interest rate at LIBOR plus 105 basis points, which is based on Kimco Realty’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards