Investor Presentaiton
KÍTE
REALTY GROUP
KRG
LISTED
NYSE
PRIMARY BALANCE SHEET INITIATIVES
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Manage floating rate debt to a target of less than 15% of total debt.
DEBT & CAPITAL
MARKET UPDATES
•
De-levering in process through NOI growth, acquisitions, development deliveries and non-core asset
sales.
SIGNIFICANT 2012/2013 CAPITAL MARKETS TRANSACTIONS
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•
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In October 2012, issued 12,075,000 common shares for $5.20 per share resulting in net proceeds of
approximately $60 million.
Closed on $125 million seven-year unsecured term loan with an interest rate of LIBOR plus 210 to 310
basis points.
Closed on an amendment to the $200 million unsecured revolving credit facility that reduced the interest
rate across the leverage grid between 15-20 basis points and extended the term to February of 2018,
including a one-year extension option.
Closed on construction loans for development/redevelopment at Four Corner Square, Rangeline
Crossing, and Holly Springs Towne Center - Phase I.
In April/May 2013, issued 15,525,000 common shares for $6.55 per share resulting in net proceeds of
approximately $97.2 million
KITE REALTY GROUP
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