Shares of Kite Realty Group Trust (NYSE:KRG), declined -0.25% to $23.96, during its current trading session.
Kite Realty Group Trust (KRG) (the “Company”) and Kite Realty Group, L.P. (the “Operating Partnership”) declared recently completion of the sale of a $250 million private placement of senior unsecured notes (collectively the “notes” or “private placement”) with a blended interest rate of about 4.41% and a blended maturity of about 9.8 years.
The Operating Partnership issued $95 million in notes with an 8-year term, $80 million in notes with a 10-year term and $75 million in notes with a 12-year term. The 8-year, 10-year and 12-year notes will bear interest at fixed annual rates of 4.23%, 4.47% and 4.57%, respectively.
The Company intends to use the proceeds from the private placement for repayment of amounts outstanding under its Unsecured Revolving Credit Facility, other outstanding indebtedness and general corporate purposes.
Kite Realty Group Trust is a publicly owned real estate investment trust. The firm invests in real estate markets of the United States. It engages in ownership, operation, administration, leasing, acquisition, construction, expansion, and development and redevelopment of operating retail properties, retail properties under development, operating commercial properties, parking garage, commercial property under development, parcels of land, shopping, dining, and entertainment properties. Kite Realty Group Trust was founded in 1968 and is based in Indianapolis, Indiana with additional offices in Naples, Florida; Delray Beach, Florida; White Plains, New York; Cary, North Carolina; Frisco, Texas; Las Vegas, Nevada; Orlando, Florida; and South Bend, Indiana.
Buckle Inc (NYSE:BKE), during its Thursday’s current trading session gained 0.41% to $39.37.
The Buckle, Inc. (BKE) declared that at its quarterly meeting of the Board of Directors, held on September 14, 2015, the Board authorized a $0.23 per share quarterly dividend to be paid to shareholders of record at the close of business on October 15, 2015, with a payment date of October 27, 2015.
The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, counting denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The company operates stores under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its Website, buckle.com. As of March 24, 2015, it operated 462 retail stores in 44 states.
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