8-KOther EventsExhibits & Filings

REALTY INCOME CORP 8-K Report, Corporate Update (Apr 10, 2025)

Filed April 10, 2025For Securities:O

Summary

Realty Income Corporation (O) has filed an 8-K report detailing the successful closing of its offering of $600 million in aggregate principal amount of 5.125% Notes due 2035. This debt issuance, facilitated by a purchase agreement with several prominent underwriters including Wells Fargo Securities, BofA Securities, and J.P. Morgan Securities, took place on April 10, 2025. The new notes will mature in 2035 and carry a fixed interest rate of 5.125%.

Key Highlights

  • 1Realty Income closed a $600 million debt offering of 5.125% Notes due 2035.
  • 2The offering closed on April 10, 2025.
  • 3The notes mature in 2035, providing long-term financing.
  • 4The stated interest rate on the new notes is 5.125%.
  • 5The offering was underwritten by a syndicate including Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Mizuho Securities USA LLC, and TD Securities (USA) LLC.
  • 6The company has provided legal opinions and consents from Venable LLP and Latham & Watkins LLP related to the issuance.

Frequently Asked Questions

This 8-K filing is primarily to report the closing of Realty Income Corporation's offering of $600 million in 5.125% Notes due 2035. It serves as official notification to investors and the public about this significant debt financing event.

The notes are $600,000,000 in aggregate principal amount, carry a fixed interest rate of 5.125%, and mature in the year 2035.

The issuance of new debt increases Realty Income's leverage and interest expense. However, it also provides $600 million in capital which can be used for various corporate purposes such as property acquisitions, development, or refinancing existing debt. Investors should review the company's subsequent financial statements for a full understanding of the impact.

The offering involved Realty Income Corporation as the issuer, with Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and TD Securities (USA) LLC acting as the representatives of the underwriters. The Bank of New York Mellon Trust Company, N.A. serves as the successor trustee.