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Realty Income to offer fixed-rate notes due 2028, 2033
By Mary-Katherine Stinson
Lexington, Ky., April 5 – Realty Income Corp. is offering two tranches of fixed-rate notes with maturities in 2028 and 2033, according to a 424B5 filing with the Securities and Exchange Commission.
Both notes will have make-whole call options until some months before the maturity date and then par call options.
Wells Fargo Securities, LLC, Barclays, BNP Paribas Securities Corp., Goldman Sachs & Co. LLC and TD Securities (USA) LLC are the joint bookrunners.
Bank of New York Mellon Trust Co. will be the trustee.
Realty Income is using Latham & Watkins LLP and Venable LLP for counsel. Sidley Austin LLP is advising the underwriters.
Proceeds will be used for general corporate purposes, which may include the repayment or repurchase of debt including borrowings under the company’s revolving credit facility or commercial paper programs, foreign currency or interest rate swaps or other hedging instruments, the development and acquisition of additional properties and other acquisition or business combination transactions and the expansion and improvement of certain properties.
The structured real estate investment trust is based in San Diego.
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