In addition, the company sold 9 assets of its Mexican shopping center portfolio for $274 million. Moreover, Kimco and its JV partner – American Industries – decided to sell their interests in several trusts that hold Mexican industrial properties portfolio. The assets proposed for sale to Terrafina – a Mexican REIT – were valued at about $600 million. Liquidity As of Jun 30, 2013, Kimco had $156.5 million (up from $141.9 million at year-end 2012) of cash and cash equivalents, with consolidated net debt to adjusted EBITDA (earnings before interest, tax, depreciation and amortization) ratio of 5.8x (compared to 6.0x from the prior quarter). In addition, Kimco has access to immediate liquidity of about $1.6 billion under its unsecured revolving credit facility worth $1.75 billion. 2013 Outlook Kimco again raised the lower end of its adjusted FFO guidance range and now expects it in the range of $1.31–$1.33 (prior range being $1.29–$1.33).