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Realty Income may use new notes to pay down $4.25 billion revolver
Chicago, Nov. 28 – Realty Income Corp. may use the proceeds from a new £750 million senior notes offering to pay down its $4.25 billion multicurrency revolver, according to a press release.
The company indicates proceeds may also be used for general corporate purposes, including foreign currency 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 in Realty Income's portfolio.
The real estate investment trust is based in San Diego.
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