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W.P. Carey intends to conduct an offering of fixed-rate senior notes
By Devika Patel
Knoxville, Tenn., Oct. 6 – W.P. Carey Inc. plans to price fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
Wells Fargo Securities LLC, J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc. are the bookrunners.
Proceeds will be used to reduce debt under the company’s unsecured revolving credit facility and for potential acquisitions or general corporate purposes.
New York-based W.P. Carey is a publicly traded REIT that provides long-term sale-leaseback and built-to-suit financing.
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