Summary
Realty Income Corporation (O) announced on January 14, 2022, the successful closing of a debt offering. The company issued and sold £500 million in aggregate principal amount of senior notes, split equally between 1.875% Notes due 2027 and 2.500% Notes due 2042. The offering, managed by J.P. Morgan Securities plc, The Toronto-Dominion Bank, and Wells Fargo Securities International Limited, generated net proceeds of approximately £491.7 million after deducting underwriting discounts but before estimated expenses. This capital infusion is expected to be utilized for general corporate purposes, potentially including funding future acquisitions or development projects.
Key Highlights
- 1Successfully completed a debt offering of £500 million aggregate principal amount.
- 2Issued two series of notes: £250 million of 1.875% Notes due 2027 and £250 million of 2.500% Notes due 2042.
- 3Net proceeds from the offering amounted to approximately £491.7 million.
- 4The offering was underwritten by J.P. Morgan Securities plc, The Toronto-Dominion Bank, and Wells Fargo Securities International Limited.
- 5The funds are intended for general corporate purposes.
- 6The offering closed on January 14, 2022.