<SEC-DOCUMENT>0001140361-22-005610.txt : 20220215
<SEC-HEADER>0001140361-22-005610.hdr.sgml : 20220215
<ACCEPTANCE-DATETIME>20220215172257
ACCESSION NUMBER:		0001140361-22-005610
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220215
DATE AS OF CHANGE:		20220215

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:		22640272

	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>ny20002736x3_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold; font-style: italic;">Filed pursuant to Rule 433<br>
        February 15, 2022</font></div>
    <div style="text-align: right;"><font style="font-weight: bold; font-style: italic;"><br>
        Relating to<br>
        Preliminary Prospectus Supplement dated February 15, 2022 to<br>
        Prospectus dated August 17, 2021<br>
        Registration Statement No. 333-258872</font><br>
    </div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;">Kimco Realty Corporation</font><br>
    </div>
    <div> <br>
    </div>
    <div>
      <div style="text-align: center; font-style: italic;">Pricing Term Sheet</div>
      <div><br>
      </div>
      <div style="text-align: center;"><u><font style="font-style: normal; font-weight: bold;">$600,000,000 3.200% Notes due 2032</font></u><br>
      </div>
      <div> <br>
      </div>
      <div> <br>
      </div>
      <div>
        <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z1a51a36ee17644b093d95e4301aa6763" cellpadding="0" cellspacing="0">

            <tr>
              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Issuer:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div style="color: #000000;">Kimco Realty Corporation</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Ratings*:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div style="color: #000000;">Baa1 (stable) by Moody&#8217;s Investors Service, Inc.</div>
                <div>BBB+ (stable) by Standard &amp; Poor&#8217;s Ratings Services <br>
                </div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Aggregate Principal Amount Offered Hereby:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div><font style="color: #000000;">$</font>600,000,000</div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Pricing Date:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>February 15, 2022</div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Settlement Date:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>February 25, 2022<font style="color: #000000;"> (T+</font>7<font style="color: #000000;">)</font></div>
                <div><font style="color: #000000;">The settlement date of </font>February 25, 2022 <font style="color: #000000;">is
                    the </font>seventh <font style="color: #000000;">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.</font> <br>
                </div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Maturity Date:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>April 1, 2032</div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Interest Payment Dates:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>April 1 <font style="color: #000000;">and </font>October 1<font style="color: #000000;">, commencing on
                    October 1, 2022 (long first coupon)</font> <br>
                </div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Coupon:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>3.200<font style="color: #000000;">%</font></div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Price to Public:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>99.169<font style="color: #000000;">% of the principal amount</font></div>
              </td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Gross Proceeds to Issuer (before expenses):</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div><font style="color: #000000;">$</font>595,014,000</div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Use of Proceeds:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>The issuer intends to use the net proceeds from this offering, as well as cash on hand, to redeem all of its outstanding November 2022 Notes and any
                    additional proceeds will be used for general corporate purposes, including, but not limited to, funding for suitable investments and redevelopment opportunities. <br>
                </div>
              </td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Benchmark Treasury:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>1.875% due February 15, 2032</div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Benchmark Treasury Yield:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>2.047%</div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Spread to Benchmark Treasury:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>+125 <font style="color: #000000;">bps</font></div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Yield to Maturity:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>&#160;3.297<font style="color: #000000;">%</font></div>
              </td>
            </tr>

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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Redemption Provisions:</div>
              </td>
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                <div style="margin-left: 36pt; color: #000000;">Make-whole Call: :</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div><font style="color: #000000;">Prior to </font>January 1<font style="color: #000000;">, 20</font>32<font style="color: #000000;"> 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+</font>20
                  <font style="color: #000000;">bps).</font></div>
              </td>
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                <div style="margin-left: 36pt; color: #000000;">Par Call:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div><font style="color: #000000;">At any time on or after </font>January 1<font style="color: #000000;">, 20</font>32<font style="color: #000000;">, 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.</font> <br>
                </div>
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              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">CUSIP / ISIN:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>49446R AZ2 <font style="color: #000000;">/ </font>US49446RAZ29</div>
              </td>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Joint Book-Running Managers:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>Barclays Capital Inc.</div>
                <div>BNP Paribas Securities Corp.</div>
                <div>Citigroup Global Markets Inc.</div>
                <div>J.P. Morgan Securities LLC</div>
                <div>RBC Capital Markets, LLC</div>
                <div>Wells Fargo Securities, LLC <br>
                </div>
              </td>
            </tr>
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              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Senior Co-Managers:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>BMO Capital Markets Corp.</div>
                <div>Mizuho Securities USA LLC</div>
                <div>PNC Capital Markets LLC</div>
                <div>Regions Securities LLC</div>
                <div>U.S. Bancorp Investments, Inc. <br>
                </div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 41.06%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 58.94%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.06%; vertical-align: top;">
                <div style="color: #000000;">Co-Managers:</div>
              </td>
              <td style="width: 58.94%; vertical-align: top;">
                <div>BofA Securities, Inc.</div>
                <div>Credit Suisse Securities (USA) LLC</div>
                <div>Deutsche Bank Securities Inc.</div>
                <div>Samuel A. Ramirez &amp; Company, Inc.</div>
                <div>Scotia Capital (USA) Inc.</div>
                <div>Truist Securities, Inc. <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div> <br>
      </div>
      <font style="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.</font><br>
    </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 February 15, 2022) 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
        prospectus supplement by contacting Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Barclays Capital Inc. toll-free at 1-888-603-5847, BNP Paribas Securities Corp. toll-free at 1-800-854-5674 or J.P. Morgan Securities LLC collect at
        1-212-834-4533.</font><br>
    </div>
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</SEC-DOCUMENT>
