Kimco North Trust III Issues $200M Principal Amount of Notes

On August 16, 2006, Kimco North Trust III, an entity controlled by Kimco Realty Corp., a US-based REIT, issued $200 million principal amount of notes due in 2013 by private placement. Kimco Realty, the guarantor of the notes, has a market capitalization of approximately $9.7 billion, and is the largest publicly traded owner and operator of community shopping centres in North America. The underwriters were Scotia Capital, which acted as sole lead underwriter and book-runner, and RBC Dominion Securities and CIBC World Markets.
Kimco Realty and Kimco North Trust III were represented by Davies Ward Phillips & Vineberg LLP, with respect to both Canadian and US matters, with a team that comprised Hillel W. Rosen, Neil Kravitz and Marc-Alexandre Poirier (Montreal), Marc Berger (New York), Rhonda Rudick (tax), and Abraham Leitner (tax–New York).
Scotia Capital, RBC Dominion Securities and CIBC World Markets were represented by McCarthy Tétrault LLP, with respect to Canadian matters, with a team that comprised Lorna Telfer and Stephanie Lee (Montreal) and Frank DeLuca and Amrit Sidhu (Toronto).

Lawyer(s)

Stephanie Lee Marc Berger Frank A. DeLuca Amrit Sidhu Rhonda Rudick Marc-Alexandre Poirier Abraham Leitner Lorna J. Telfer Hillel W. Rosen Neil Kravitz