Realty Income to repay acquisition credit facility via notes offering

By Tali David

Minneapolis, July 9 - Realty Income Corp. plans to repay a portion of the borrowings outstanding under its acquisition credit facility with the proceeds of a new note offering, according to a 424B5 filed with the Securities and Exchange Commission.

As of July 5, there was roughly $667 million of outstanding borrowings under the acquisition credit facility, which was generally used to acquire properties.

Realty Income focuses on net-leased commercial properties throughout the United States and is located in Escondido, Calif.

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