Kite Realty closes $345M exchangeable notes at 3.25%, retires $300M 4.00% debt

Filed July 2, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  Issued $345M exchangeable senior notes due 2032 at 3.25%, exchangeable into common shares at $35.40/share (22.5% premium to June 29 close of $28.90). Notes pay interest semi-annually starting April 2027.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Used proceeds to retire $300M of 4.00% senior notes due 2026 and repurchase ~$30M of common shares, reducing interest expense and returning capital to shareholders.

  Exhibit 99.2 verify on EDGAR →
• medium

  Entered capped call transactions with cap price of $41.91/share (45% premium) to reduce potential dilution from note exchanges; up to 11.9M shares could be issued at initial maximum exchange rate.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →