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Realty Income Announces Closing of $694 Million Term Loan Due 2036
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the successful closing of a $694 million U.S. dollar-denominated, unsecured term loan (Term Loan) due January 2036 with an affiliate of The Goldman Sachs Group, Inc. The Term Loan priced at an all-in fixed rate of 4.91%. In conjunction with the closing, Realty Income executed a cross-currency swap for a portion of the proceeds, swapping $500 million of proceeds for approximately €431 million (in ad
About this update from Realty Income Corporation
[{"type":"text","content":"SAN DIEGO, March 23, 2026 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the successful closing of a $694 million U.S. dollar-denominated, unsecured term loan (Term Loan) due January 2036 with an affiliate of The Goldman Sachs Group, Inc. The Term Loan priced at an all-in fixed rate of 4.91%. In conjunction with the closing, Realty Income executed a cross-currency swap for a portion of the proceeds, swapping $500 million of proceeds for approximately €431 million (in addition to the related interest payments) over the term of the loan. As a result of the swap, Realty Income achieved an effective blended borrowing rate of 4.34%.","length":703,"tagName":"p"},{"type":"image","alt":"Realty Income Corporation - The Monthly Dividend Company. (PRNewsFoto/Realty Income Corporation) (PRNewsfoto/Realty Income Corporation)","displaySize":"","headline":null,"caption":"Realty Income Corporation - The Monthly Dividend Company. (PRNewsFoto/Realty Income Corporation) (PRNewsfoto/Realty Income Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":109,"url":"https://media.zenfs.com/en/prnewswire.com/c6afb52e5b77caee4e02b4173512f61a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dKBYyYXGB1_.Itx_7u_xmg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5Mg--/https://media.zenfs.com/en/prnewswire.com/c6afb52e5b77caee4e02b4173512f61a","width":400,"height":109}},"href":"https://mma.prnewswire.com/media/122541/Realty_Income_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The financing is associated with a broader transaction that supports San Diego Community Power (Community Power), California's second largest Community Choice Aggregator (CCA) serving nearly 1 million customers in the San Diego region where Realty Income is headquartered. Realty Income's role is limited to the Term Loan and related swap.","length":347,"tagName":"p"},{"type":"text","content":"Transaction Overview","length":20,"tagName":"p"},{"type":"text","content":"San Diego Community Power has entered into a long‑term electricity supply arrangement to secure clean, cost‑effective power on a forward commodity contract. To facilitate this arrangement, Community Power utilized a well‑established municipal prepay structure that enables a public agency...