Kimco Realty Corporation (NYSE:KIM) announced that it has closed on a new $1.75 billion unsecured revolving credit facility replacing both the company’s $1.5 billion unsecured U.S. credit facility and the $250 million Canadian credit facility. The new facility, which can be increased to $2.25 billion through an accordion feature, is scheduled to mature on October 27, 2015 with a provision to extend the maturity date for an additional year, at the company's option. Interest accrues at an annual rate of LIBOR plus 105 basis points on drawn funds. In addition, the facility includes a $500 million sub-limit which provides the company the opportunity to borrow in alternative currencies including Canadian Dollars, Pounds Sterling, Japanese Yen or Euros.

J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and RBC Capital Markets served as Joint Bookrunners, JPMorgan Chase Bank, N.A., as Administrative Agent, Wells Fargo Bank, N.A., Royal Bank of Canada and The Bank of Nova Scotia as Syndication Agents, with UBS Securities LLC as Documentation Agent.

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