Kite Realty Group Announces Pricing of $300 Million Senior Notes Offering
INDIANAPOLIS, June 17, 2025 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (the "Company") announced today that, on June 17, 2025, its operating partnership, Kite Realty Group, L.P. (the "Operating Partnership"), priced an offering of $300 million aggregate principal amount of 5.200% Senior Notes due 2032 (the "Notes") in an underwritten public offering. The Notes will be issued at 99.513% of par value with a yield to maturity of 5.281%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, beginning on February 15, 2026. The offering is expected to close on June 27, 2025, subject to the satisfaction of customary closing conditions.
The Operating Partnership intends to use the net proceeds from this offering to repay outstanding indebtedness and for general corporate purposes.
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 acted as joint book-running managers for the offering. Capital One Securities, Citigroup, Truist Securities and US Bancorp served as senior co-managers for the offering. Fifth Third Securities and Ramirez & Co., Inc. served as co-managers for the offering.
The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the "SEC"), which became effective on June 7, 2024. A preliminary prospectus supplement relating to the offering has been filed with the SEC.
The offering may be made only by means of a prospectus and related prospectus supplement. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained, when available, by contacting Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, Email: by telephone (toll free) at 1-800-645-3751, PNC Capital Markets LLC, 300 Fifth Avenue, 10th Floor, Pittsburgh, Pennsylvania 15222, Attn: Securities Settlement, by telephone (toll free) at 1-855-881-0697, or by email at or TD Securities (USA) LLC, 1 Vanderbilt Avenue, 11th Floor, New York, New York 10017, Attn: DCM, Transaction Advisory Group, by telephone (toll free) at 1-855-495-9846.
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