Business
W. P. Carey Inc. Announces Pricing of €1.0 Billion of Senior Unsecured Notes
W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of €1.0 billion in aggregate principal amount of senior unsecured notes (the "Notes") with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years, comprising the following tranches:
About this update from W. P. Carey Inc. Reit
[{"type":"text","content":"NEW YORK, Feb. 12, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of €1.0 billion in aggregate principal amount of senior unsecured notes (the "Notes") with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years, comprising the following tranches:","length":374,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"€500 million aggregate principal amount of 3.250% Senior Notes due 2031 (the "2031 Notes"), offered at 99.249% of the principal amount; and","length":149,"tagName":"p"}]},{"val":[{"type":"text","content":"€500 million aggregate principal amount of 3.750% Senior Notes due 2035 (the "2035 Notes"), offered at 98.500% of the principal amount.","length":145,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":294,"olType":false},{"type":"text","content":"Application has been made for the Notes to be admitted to the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and admitted to trading on the Global Exchange Market of Euronext Dublin; any listing is subject to approval by Euronext Dublin.","length":275,"tagName":"p","attribs":{}},{"type":"text","content":"Interest on the 2031 Notes will be paid annually on October 2 of each year, beginning on October 2, 2026. Interest on the 2035 Notes will be paid annually on May 10 of each year, beginning on May 10, 2026. The offering of the Notes is expected to settle on February 24, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay all of the €500 million in aggregate principal amount outstanding of its 2.250% Senior Notes due April 2026 and for general corporate purposes, including to fund potential future investments and to repay certain other indebtedness, including amounts outstanding under its unsecured revolving credit facility and its unsecured term loan.","length":724,"tagName":"p","attribs":{}},{"type":"text","content":"J.P. Morgan Securities plc, Barclays Bank PLC, BNP PARIBAS, and Wells Fargo Securities International Limited acted as joint book-running managers for the Notes offering.","length":169,"tagName":"p","attribs":{}},{"type":"text","content":"A registration statement relating to the Notes has...