W.P. Carey preps senior notes due 2025, 2035

By Aleesia Forni

Virginia Beach, Jan. 21 – W.P. Carey Inc. is in the market with a two-part offering of senior notes due 2025 and 2035, according to a 424B5 filed with the Securities and Exchange Commission.

The company intends to use proceeds from the offering to repay amounts outstanding under its senior unsecured credit facility, to fund potential future acquisitions and for general corporate purposes.

Wells Fargo Securities LLC, Barclays and BofA Merrill Lynch are the joint bookrunners.

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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