Baird served as a co-lead manager on this offering
AboutRealty Income Corporation (“Realty Income” or the “Company”) (NYSE: O) recently completed a follow-on offering of 11,500,000 common shares at a price of $46.88 per share, generating gross proceeds of approximately $539.1 million. Realty Income intends to use the net proceeds from this offering to repay a portion of the borrowings outstanding under their $2.0 billion revolving credit facility and for other general corporate purposes and working capital, which may include acquisitions.
Realty Income is a publicly traded real estate company with the primary business objective of generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The Company’s dividends are supported by the cash flow from its portfolio of properties leased to commercial enterprises. As of June 30, 2015, Realty Income owned a diversified portfolio of 4,452 properties located in 49 states and Puerto Rico, with over 74.1 million square feet of leasable space leased to 235 different commercial enterprises doing business in 47 separate industries. Realty Income is headquartered in San Diego, California.
For additional information about this transaction, please contact:
- October 2015
- Realty Income Corporation
- Real Estate
- Target Location
- North America