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W.P. Carey intends to offer fixed-rate senior notes
By Devika Patel
Knoxville, Tenn., Feb. 16 – W.P. Carey Inc. plans to price dollar-denominated 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, Barclays and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used to prepay approximately $330 million of secured debt and for the repayment of additional secured debt.
New York-based W.P. Carey is a publicly traded real estate investment trust that provides long-term sale-leaseback and built-to-suit financing.
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