Tag: subsidiary

JERICHO, N.Y., June 11, 2026 (GLOBE NEWSWIRE) -- Kimco Realty^® (NYSE: KIM) today announced that its operating subsidiary, Kimco Realty OP, LLC (“Kimco OP”), priced its offering of $525,000,000 aggregate principal amount of 3.50% exchangeable senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $500,000,000 aggregate principal amount of notes. Kimco Realty Corporation (“Kimco”) will fully and unconditionally guarantee the notes on a senior, unsecured basis. The issuance and sale of the notes are scheduled to settle on June 15, 2026, subject to customary closing conditions. Kimco OP also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75,000,000 principal amount of notes.

Co-Founder and Chief Executive Officer Elias Sabo to Retire at Year End

Australian power generation facility leverages ISNetworld® to strengthen contractor management processes

Sydney, Australia, June 10, 2026 (GLOBE NEWSWIRE) -- Australians planning for retirement income face two converging trends. Around 4.4 million Australians are now aged 65 and over, about 17% of the population, with Treasury's Intergenerational Report projecting that share to keep rising through 2063. At the same time, the country's 663,867 self-managed super funds hold A$1.06 trillion in assets across roughly 1.22 million members, according to the latest Australian Taxation Office data. Cash and term deposit allocations across the SMSF sector have fallen to 16.3% of holdings, a record low, as trustees look beyond traditional cash products towards the income side of the portfolio. To learn more visit https://termplus.com.au/how-it-works/

Industry veteran to continue bringing high-touch, relationship-driven financial services to agriculture, food production, and related industries

ROCKVILLE, Md., June 10, 2026 (GLOBE NEWSWIRE) -- Capital Bank, N.A. (the “Bank”), a wholly owned subsidiary of Capital Bancorp, Inc. (NASDAQ: CBNK), continues its proud tradition of strong leadership with the announcement of new Bank board member Don Busick.

AS PRFoods (registry code 11560713) hereby notifies that its subsidiary Saaremere Kala AS (registry code  11310040, hereinafter "Seller") has completed previously announced transaction (as disclosed in a stock exchange announcement published by AS PRFoods on 23 April 2026 (https://view.news.eu.nasdaq.com/view?id=1436682&lang=en), whereby 100% shareholding in Saare Kala Tootmine OÜ (registry code 10377013, hereinafter "SKT") was sold and claims arising from shareholder loans and an inventory loan provided to SKT were transferred to the Latvian company Brīvais Vilnis A/S (Latvian registry code: 40003056186, hereinafter "Buyer"). The general meeting of shareholders of AS PRFoods approved the transaction by their relevant resolution published on 18 May 2026 (https://view.news.eu.nasdaq.com/view?id=1442522&lang=en). In accordance with the terms of the transaction, the vendor note agreement concluded between the Seller and the Buyer and setting out the terms of the payment by the Buyer to the Seller of the amount equal to the outstanding purchase price for the share of SKT and of the transfer price for the inventory loans has entered into force upon completion of the transaction.