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Realty Income to repay acquisition credit facility via stock offering
By Tali David
Minneapolis, March 5 - Realty Income Corp. plans to repay borrowings under its $1 billion acquisition credit facility with the proceeds of a common stock offering, according to a press release.
The facility has been and will be used to fund real estate acquisitions.
Realty Income focuses on net-leased commercial properties and is located in Escondido, Calif.
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