What was the primary purpose of the $550 million note issuance?

The primary purpose of the note issuance was to raise capital to fund property acquisitions that had either closed or were expected to close in 2007. Any remaining proceeds would be used for general corporate purposes, potentially including further acquisitions.

What are the key terms of the new notes issued by Realty Income?

The company issued $550 million of 6.750% Notes due 2019. This indicates a fixed interest rate of 6.750% per annum, payable to the noteholders, with the principal due in 2019.

How much capital did Realty Income net from this debt offering?

After deducting underwriting discounts and other estimated expenses, Realty Income Corporation secured approximately $545 million in net proceeds from the offering.

Who were the underwriters for this debt offering?

The offering was managed by Banc of America Securities LLC and Citigroup Global Markets Inc., acting as representatives for the underwriters.

O 8-K SEC Disclosure — Sep 5, 2007

Summary

Realty Income Corporation (O) filed an 8-K report on September 4, 2007, detailing a significant debt offering that closed on September 5, 2007. The company successfully issued and sold $550 million in aggregate principal amount of 6.750% Notes due 2019. This strategic move generated approximately $545 million in net proceeds after accounting for underwriting discounts and expenses.

Key Highlights

1Issuance of $550 million aggregate principal amount of 6.750% Notes due 2019.
2Net proceeds from the offering totaled approximately $545 million.
3Proceeds are earmarked for funding property acquisitions expected to close in 2007.
4Any remaining funds will be utilized for general corporate purposes, including potential future acquisitions.
5The purchase agreement was executed on August 30, 2007.
6The offering was managed by Banc of America Securities LLC and Citigroup Global Markets Inc. as representatives of the underwriters.

REALTY INCOME CORP 8-K Report, Corporate Update (Sep 5, 2007)

Summary

Key Highlights

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