SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 26, 2005
Kimco Realty Corporation
(Exact Name of Registrant as Specified in Charter)
Maryland 1-10899 13-2744380
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
3333 New Hyde Park Road
New Hyde Park, New York 11042-0020
(Address of Principal Executive Offices)
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(516) 869-9000
(Registrant's telephone number, including area code)
(Former name of former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. Below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR240.14d-2b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On July 26, 2005, Kimco Realty Corporation, (the "Company"), as
borrower, amended its existing three-year $500,000,000 unsecured revolving
credit facility and entered into an amended and restated three-year $850,000,000
unsecured revolving credit facility (the "Credit Facility") with JPMorgan Chase
Bank, N.A., as Issuing Lender and Administrative Agent, Wachovia Bank, National
Association, The Bank of Nova Scotia and New York Agency, as Syndication Agents,
UFJ Bank Limited, Suntrust Bank, Merrill Lynch Bank USA, Eurohypo AG, New York
Branch, The Bank of New York, Amsouth Bank, Bank of America, N.A., Royal Bank of
Canada, Mizuho Corporate Bank (USA), US Bank National Association and Westlb AG,
New York Branch as Managing Agents, Citicorp North America, Inc., Barclays Bank
PLC, The Governor and Company of the Bank of Ireland, Manufacturers and Traders
Trust Company and Sumitomo Mitsui Banking Corporation as Co-Agents and JPMorgan
Securities Inc., as Sole Bookrunner and Sole Lead Arranger. Interest on
borrowings under the Credit Facility accrue at a spread (currently 0.45%) to
LIBOR and fluctuates in accordance with changes in the Company's senior debt
ratings. As part of this Credit Facility, the Company has a competitive bid
option whereby the Company may auction up to $425.0 million of its requested
borrowings to the bank group. This competitive bid option provides the Company
the opportunity to obtain pricing below the currently stated spread to LIBOR of
0.45%. In addition, the Company has a $200 million sub-limit, which provides it
the opportunity to borrow in alternative currencies such as Pounds Sterling,
Japanese Yen or Euros. The Credit Facility is scheduled to expire in July 2008.
A copy of the Amended and Restated Credit Agreement is filed as Exhibit 10-1
hereto and incorporated herein by reference.
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT DESCRIPTION
10.1 Amended and Restated Credit Agreement dated as of July 26, 2005,
among Kimco Realty Corporation, The Subsidiary Borrowers from
time to time parties hereto, The Several Lenders from time to
time parties hereto, JPMorgan Chase Bank, N.A., as Issuing
Lender and Administrative Agent, Wachovia Bank, National
Association, The Bank of Nova Scotia and New York Agency, as
Syndication Agents, UFJ Bank Limited, Suntrust Bank, Merrill
Lynch Bank USA, Eurohypo AG, New York Branch, The Bank of New
York, Amsouth Bank, Bank of America, N.A., Royal Bank of
Canada, Mizuho Corporate Bank (USA), US Bank National
Association and Westlb AG, New York Branch as Managing Agents,
Citicorp North America, Inc., Barclays Bank PLC, The Governor
and Company of the Bank of Ireland, Manufacturers and Traders
Trust Company and Sumitomo Mitsui Banking Corporation as
Co-Agents and JPMorgan Securities Inc., as Sole Bookrunner and
Sole Lead Arranger.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: July 29, 2005 KIMCO REALTY CORPORATION
(registrant)
By: /s/ Michael V. Pappagallo
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Name: Michael V. Pappagallo
Its: Executive Vice President and
Chief Financial Officer
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