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Realty Income Prices $600 Million Offering of Senior Notes Due 2035
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $600 million of 5.125% senior unsecured notes due 2035 (the "Notes"). The public offering price for the Notes was 98.371% of the principal amount for an effective semi-annual yield to maturity of 5.337%.
About this update from Realty Income Corporation
[{"type":"text","content":"SAN DIEGO, April 1, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $600 million of 5.125% senior unsecured notes due 2035 (the "Notes"). The public offering price for the Notes was 98.371% of the principal amount for an effective semi-annual yield to maturity of 5.337%.","length":389,"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/AzPLYwOBpoy_BkIhYxacVQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5MjtjZj13ZWJw/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 net proceeds from this offering will be used for general corporate purposes, which may include, among other things, the repayment or repurchase of our indebtedness, including $500.0 million of outstanding 3.875% notes due April 15, 2025, and/or borrowings under our revolving credit facility and commercial paper programs, foreign currency swaps or other hedging instruments, the development, redevelopment and acquisition of additional properties, acquisition or business combination transactions, and the expansion and improvement of certain properties in our portfolio.","length":576,"tagName":"p"},{"type":"text","content":"This offering is expected to close on April 10, 2025, subject to the satisfaction of customary closing conditions.","length":114,"tagName":"p"},{"type":"text","content":"The active joint book-running managers for the offering are Wells Fargo Securities, BofA Securities, J.P. Morgan, Mizuho, and TD Securities.","length":140,"tagName":"p"},{"type":"text","content":"A copy of the prospectus supplement and prospectus, when available, relate...