<SEC-DOCUMENT>0001140361-21-031094.txt : 20210913
<SEC-HEADER>0001140361-21-031094.hdr.sgml : 20210913
<ACCEPTANCE-DATETIME>20210913171500
ACCESSION NUMBER:		0001140361-21-031094
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210913
DATE AS OF CHANGE:		20210913

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIMCO REALTY CORP
		CENTRAL INDEX KEY:			0000879101
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132744380
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-258872
		FILM NUMBER:		211250452

	BUSINESS ADDRESS:	
		STREET 1:		500 NORTH BROADWAY
		STREET 2:		SUITE 201, P.O. BOX 9010
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
		BUSINESS PHONE:		(516) 869-9000

	MAIL ADDRESS:	
		STREET 1:		500 NORTH BROADWAY
		STREET 2:		SUITE 201
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIMCO REALTY CORP
		CENTRAL INDEX KEY:			0000879101
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132744380
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		500 NORTH BROADWAY
		STREET 2:		SUITE 201, P.O. BOX 9010
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
		BUSINESS PHONE:		(516) 869-9000

	MAIL ADDRESS:	
		STREET 1:		500 NORTH BROADWAY
		STREET 2:		SUITE 201
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ny20000691x2_fwp.htm
<DESCRIPTION>FWP
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using EDGARfilings PROfile 7.5.1.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <div>
    <div style="text-align: right; font-style: italic; font-weight: bold;">Filed pursuant to Rule 433</div>
    <div style="text-align: right; font-style: italic; font-weight: bold;">September 13, 2021</div>
    <div><br>
    </div>
    <div style="text-align: right; font-style: italic; font-weight: bold;">Relating to</div>
    <div style="text-align: right; font-style: italic;"><font style="font-weight: bold;">Preliminary Prospectus Supplement dated
        September 13, 2021</font>&#160;<font style="font-weight: bold;">to</font></div>
    <div style="text-align: right; font-style: italic; font-weight: bold;">Prospectus dated August 17, 2021</div>
    <div style="text-align: right; font-style: italic; font-weight: bold;">Registration Statement No. 333-258872</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Kimco Realty Corporation</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>Pricing Term Sheet</u></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;"><u>$</u></font><font style="font-weight: bold;"><u>500,000,000</u></font><u>&#160;</u><font style="font-weight: bold;"><u>2.250% Notes due 2031</u></font></div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="ze096d6fdd54a4cd180a71a979700921f" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Issuer:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>Kimco Realty Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Ratings*:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>Baa1 (stable) by Moody&#8217;s Investors Service, Inc.</div>
            <div>
              <div>BBB+ (stable) by Standard &amp; Poor&#8217;s Ratings Services</div>
            </div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Aggregate Principal Amount Offered Hereby:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>$500,000,000</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Pricing Date:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>September 13, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Settlement Date:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>September 22, 2021 (T+7)</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>The settlement date of September 22, 2021 is the seventh&#160;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 two business days, unless the
                parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes before the second 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.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Maturity Date:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>December 1, 2031</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Interest Payment Dates:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>June 1 and December 1, commencing on June 1, 2022 (long first coupon)</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Coupon:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>2.250%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Price to Public:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>99.536% of the principal amount</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Gross Proceeds to Issuer (before expenses):</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>$497,680,000</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Use of Proceeds:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>The issuer intends to use the net proceeds from this offering to
              for general corporate purposes, including, but not limited to, repayment of borrowings under our Credit Facility, and funding for suitable acquisition and redevelopment opportunities.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Benchmark Treasury:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>1.250% due August 15, 2031</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Benchmark Treasury Yield:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>1.321%</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Spread to Benchmark Treasury:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>+98 bps</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 39.99%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 54.97%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 39.99%; vertical-align: top;">
            <div>Yield to Maturity:</div>
          </td>
          <td colspan="1" style="width: 4.97%; vertical-align: top;">&#160;</td>
          <td style="width: 54.97%; vertical-align: top;">
            <div>2.301%</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z08ca067ff46f457ebfb5714a818da39c" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div>Redemption Provisions:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div style="margin: 0px 0px 0px 36pt;">Make-whole Call:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div>Prior to September 1, 2031, the Notes will be redeemable at the Issuer&#8217;s option, at a redemption price equal to the sum of (1) an amount 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 and (2) a make-whole premium (T+15 bps).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div style="margin: 0px 0px 0px 36pt;">Par Call:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div>At any time on or after September 1, 2031, the Notes will be redeemable at the Issuer&#8217;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.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div>CUSIP / ISIN:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div>49446R AY5 / US49446RAY53</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div>Joint Book-Running Managers:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div>BofA Securities, Inc.</div>
            <div>PNC Capital Markets LLC</div>
            <div>Truist Securities, Inc.</div>
            <div>Wells Fargo Securities, LLC</div>
            <div>BNP Paribas Securities Corp.</div>
            <div>J.P. Morgan Securities LLC</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div>Senior Co-Managers:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div>Citigroup Global Markets Inc.</div>
            <div>Morgan Stanley &amp; Co. LLC</div>
            <div>Regions Securities LLC</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td rowspan="1" style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div>Co-Managers:</div>
          </td>
          <td colspan="1" style="vertical-align: top; width: 5%;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div>Barclays Capital Inc.</div>
            <div>BMO Capital Markets Corp.</div>
            <div>BNY Mellon Capital Markets, LLC</div>
            <div>Deutsche Bank Securities Inc.</div>
            <div>RBC Capital Markets, LLC</div>
            <div>TD Securities (USA) LLC</div>
            <div>U.S. Bancorp Investments, Inc.</div>
            <div>UBS Securities LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 20%; color: #000000;" align="left" noshade="noshade"></div>
    <div>
      <table class="DSPFListTable" id="z0148cb4a8de44cce8a28d04359a1decd" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left; font-weight: bold;">*</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">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.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">The Issuer has filed a registration statement (including a
        prospectus dated August 17, 2021 as supplemented by a preliminary prospectus supplement dated September 13, 2021) with the Securities and Exchange Commission (the &#8220;SEC&#8221;) for the offering to which this communication relates. Before you invest, you
        should read the prospectus and preliminary prospectus supplement in that registration statement, this communication and other documents the Issuer has filed with the SEC for more complete information about the Issuer 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 p</font><font style="font-weight: bold;">rospectus
        supplement by contacting </font><font style="font-weight: bold;">BofA Securities, Inc.</font><font style="font-weight: bold;"> toll-free at</font>&#160;<font style="font-weight: bold;">1-800-294-1322 or by email at dg.prospectus_requests@bofa.com</font><font style="font-weight: bold;">, PNC Capital Markets LLC toll-free </font><font style="font-weight: bold;">at 1-855-881-0697, Truist Securities, Inc. toll-free at
        1-800-685-4786 and Wells Fargo Securities, LLC toll free at 1-800-645-3751.</font></div>
    <div><br>
    </div>
    <div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
