# EDGAR Filing Document

**Accession Number:** 0001959472
**File Stem:** 0001140361-25-022651
**Filing Date:** 2025-6
**Character Count:** 7461
**Document Hash:** 313ff1733575aa9cd37d2433735938c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-022651.hdr.sgml**: 20250616

**ACCESSION NUMBER**: 0001140361-25-022651

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250616

**DATE AS OF CHANGE**: 20250616

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kimco Realty OP, LLC
- **CENTRAL INDEX KEY:** 0001959472
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-269102-01
- **FILM NUMBER:** 251050289

**BUSINESS ADDRESS:**
- **STREET 1:** 500 NORTH BROADWAY, SUITE 201
- **CITY:** JERICHO
- **STATE:** NY
- **ZIP:** 11753
- **BUSINESS PHONE:** (516) 869-9000

**MAIL ADDRESS:**
- **STREET 1:** 500 NORTH BROADWAY, SUITE 201
- **CITY:** JERICHO
- **STATE:** NY
- **ZIP:** 11753
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kimco Realty OP, LLC
- **CENTRAL INDEX KEY:** 0001959472
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 500 NORTH BROADWAY, SUITE 201
- **CITY:** JERICHO
- **STATE:** NY
- **ZIP:** 11753
- **BUSINESS PHONE:** (516) 869-9000

**MAIL ADDRESS:**
- **STREET 1:** 500 NORTH BROADWAY, SUITE 201
- **CITY:** JERICHO
- **STATE:** NY
- **ZIP:** 11753

#### Filed pursuant to Rule 433

#### June 16, 2025

#### Relating to

#### Preliminary Prospectus Supplement dated June 16, 2025 to

#### Prospectus dated January 3, 2023

#### Registration Statement Nos. 333-269102 and 333-269102-01

#### Kimco Realty OP, LLC

<u>Pricing Term Sheet</u>

#### $500,000,000 5.300% Notes due 2036

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| | |
|:---|:---|
| Issuer: | Kimco Realty OP, LLC |
| Guarantor: | Kimco Realty Corporation |
| Ratings\*: | Baa1 (positive) by Moody's Investors Service, Inc.<br> BBB+ (positive) by Standard & Poor's Ratings Services<br> A- (stable) by Fitch, Inc. |
| Aggregate Principal Amount Offered Hereby: | $500000000 |
| Pricing Date: | June 16, 2025 |
| Settlement Date: | June 26, 2025 (T+7)<br>The Settlement Date of June 26, 2025 is the seventh business day following the date of the preliminary prospectus supplement. Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the business day prior to the Settlement Date will be required, by virtue of the fact that the Notes initially will settle on a delayed basis, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisors with respect to these matters. |
| Maturity Date: | February 1, 2036 |
| Interest Payment Dates: | February 1 and August 1, commencing on February 1, 2026 |
| Coupon: | 5.300% |
| Price to Public: | 99.560% of the principal amount plus accrued interest from June 26, 2025 if settlement occurs after the Settlement Date |
| Gross Proceeds to Issuer (before expenses): | $497800000 |
| Use of Proceeds: | The Issuer intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, repaying outstanding borrowings under the Issuer's $2.0 billion unsecured revolving credit facility and funding for suitable acquisition, investment and redevelopment opportunities. Affiliates of certain of the underwriters are lenders under the unsecured revolving credit facility. Accordingly, those affiliates will receive a portion of the net proceeds from this offering to the extent such net proceeds are used to repay the unsecured revolving credit facility. |

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| | |
|:---|:---|
| Benchmark Treasury: | 4.250% due May 15, 2035 |
| Benchmark Treasury Yield: | 4.434% |
| Spread to Benchmark Treasury: | +92 bps |
| Yield to Maturity: | 5.354% |
| Redemption Provisions: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Make-whole Call: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prior to November 1, 2035 (the date that is three months prior to the Maturity Date), the Issuer may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date at the treasury rate plus 15 basis points less (b) interest accrued to, but excluding, the redemption date; and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)<br> 100% of the principal amount of the Notes to be redeemed. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Par Call: | At any time on or after November 1, 2035, the Notes will be redeemable at the Issuer's option, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. |
| CUSIP / ISIN: | 49447B AC7 / US49447BAC72 |
| Joint Book-Running Managers: | Wells Fargo Securities, LLC<br> BNP Paribas Securities Corp.<br> PNC Capital Markets LLC<br> RBC Capital Markets, LLC<br> Truist Securities, Inc.<br> Barclays Capital Inc.<br> BMO Capital Markets Corp.<br> TD Securities (USA) LLC |
| Senior Co-Managers: | BNY Mellon Capital Markets, LLC<br> Citigroup Global Markets Inc.<br> J.P. Morgan Securities LLC |
| Co-Managers: | Morgan Stanley & Co. LLC<br> Samuel A. Ramirez & Company, Inc.<br> Scotia Capital (USA) Inc.<br> U.S. Bancorp Investments, Inc. |

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**\* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal by the assigning rating organization at any time.**

**The Issuer and the Guarantor have filed a registration statement (including a prospectus dated January 3, 2023 as supplemented by a preliminary prospectus supplement dated June 16, 2025) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you make a decision to invest, you should read the prospectus and preliminary prospectus supplement in that registration statement, this communication and other documents the Issuer and the Guarantor have filed with the SEC for more complete information about the Issuer, the Guarantor and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, you may request the prospectus and preliminary prospectus supplement by contacting Wells Fargo Securities, LLC at 1-800-645-3751; BNP Paribas Securities Corp. at 1-800-854-5674; PNC Capital Markets LLC at 1-855-881-0697; RBC Capital Markets, LLC at 1-866-375-6829; or Truist Securities, Inc. at 1-800-685-4786.**

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