Kite Realty Group Announces Pricing of $300 Million Senior Notes Offering

Core Viewpoint - Kite Realty Group Trust announced a public offering of $300 million in Senior Notes with a 5.200% interest rate, due in 2032, aimed at repaying debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of $300 million aggregate principal amount of 5.200% Senior Notes due 2032, priced at 99.513% of par value, yielding 5.281% to maturity [1]. - Interest on the Notes will be paid semi-annually starting February 15, 2026, with the offering expected to close on June 27, 2025, pending customary closing conditions [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay outstanding indebtedness and for general corporate purposes [2]. Group 3: Underwriters - The offering is managed by several financial institutions, including Wells Fargo Securities, PNC Capital Markets LLC, TD Securities, BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan, KeyBanc Capital Markets, and Regions Securities LLC as joint book-running managers [3]. Group 4: Company Overview - Kite Realty Group is a real estate investment trust (REIT) focused on owning and operating open-air shopping centers and mixed-use assets, primarily grocery-anchored, located in high-growth Sun Belt and strategic gateway markets [7]. - As of March 31, 2025, the company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, totaling approximately 27.8 million square feet of gross leasable space [7].