Realty Income talks $300 million 10-year notes for Wednesday pricing

By Aleesia Forni

Virginia Beach, June 18 – Realty Income Corp. is in the market Wednesday with a $300 million offering of 10-year senior notes (Baa1/BBB+/BBB+), according to an informed source and a 424B5 filing with the Securities and Exchange Commission.

Initial price guidance is in the Treasuries plus 140 basis points area, the source said.

The bookrunners are Citigroup Global Markets Inc., BofA Merrill Lynch, BNY Mellon Capital Markets LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, Regions Financial, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC.

Proceeds will be used to repay a portion of borrowings outstanding under an acquisition credit facility, for general corporate purposes and for working capital, possibly including acquisitions.

The real estate investment trust for retail and commercial properties is based in Escondido, Calif.

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