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Kimco Realty of New Hyde Park plans to offer 25M shares
Kimco Realty Corp. will sell 25 million shares of newly issued common stock to the public in an underwritten offer, the New Hyde Park company said Tuesday.
Kimco expects to use some of the proceeds to repay money borrowed under its $1.5 billion unsecured U.S. revolving credit facility, which is scheduled to mature in October 2011, with an option to extend the credit for an additional year.
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