Business
Realty Income Prices $800 Million Dual-Tranche Offering of Senior Unsecured Notes
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $400 million of 3.950% senior unsecured notes due February 1, 2029 (the "2029 notes"), and $400 million of 4.500% senior unsecured notes due February 1, 2033 (the "2033 notes" and, together with the 2029 notes, the "notes"). The public offering price for the 2029 notes was 99.412% of the principal amount for an effective yield to maturity of 4.143%, and the publi
About this update from Realty Income Corporation
[{"type":"text","content":"SAN DIEGO, Sept. 25, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $400 million of 3.950% senior unsecured notes due February 1, 2029 (the "2029 notes"), and $400 million of 4.500% senior unsecured notes due February 1, 2033 (the "2033 notes" and, together with the 2029 notes, the "notes"). The public offering price for the 2029 notes was 99.412% of the principal amount for an effective yield to maturity of 4.143%, and the public offering price for the 2033 notes was 98.871% of the principal amount for an effective yield to maturity of 4.685%. Combined, the notes have a weighted average tenor of approximately 5.3 years and a weighted average yield to maturity of 4.414%.","length":818,"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 the approximately $550.0 million of outstanding 4.625% notes due 2025, which mature on November 1, 2025, and/or borrowings under our revolving credit facilities 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":621,"tagNam...