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Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates North America’s largest portfolio of neighborhood and community shopping centers. As of June 30, 2011, the company owned interests in 946 shopping centers comprising 138 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 50 years.

Kimco Realty Announces New $1.75 Billion Revolving Credit Facility




Kimco Realty Corporation (NYSE:KIM) announced that it has closed on a new $1.75 billion unsecured revolving credit facility replacing both the company’s $1.5 billion unsecured U.S. credit facility and the $250 million Canadian credit facility. The new facility, which can be increased to $2.25 billion through an accordion feature, is scheduled to mature on October 27, 2015 with a provision to extend the maturity date for an additional year, at the company's option. Interest accrues at an annual rate of LIBOR plus 105 basis points on drawn funds. In addition, the facility includes a $500 million sub-limit which provides the company the opportunity to borrow in alternative currencies including Canadian Dollars, Pounds Sterling, Japanese Yen or Euros.

Read full article at : http://stock-pr.com/?p=20556

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