Senior Notes Offering

Real Estate
Senior Notes Offering

Summary

Baird served as co-manager on this offering

About

Realty Income Corporation (“Realty Income” or the “Company”) (NYSE: O) recently completed a public offering of $600 million of 3.25% senior unsecured notes due January 15, 2031. The Company intends to use proceeds generated from the offering to increase liquidity by repaying borrowings outstanding under its revolving credit facility; and to the extent not used for that purpose, to fund potential investment opportunities and for other general corporate purposes, which may include the repayment of borrowings outstanding under the Company’s term loan facilities.

Realty Income was founded in 1969 and listed on the New York Stock Exchange (NYSE:O) in 1994. Over the past 51 years, Realty Income has been acquiring and managing freestanding commercial properties that generate rental revenue under long-term net lease agreements. The Company is a member of the S&P 500 Dividend Aristocrats® index. As of March 31, 2020, Realty Income’s portfolio of operating real estate properties encompasses 6,525 total properties and an occupancy rate of 98.5%. Realty Income is headquartered in San Diego, California.
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Real Estate
Senior Notes Offering
Date
May 2020
Company
Realty Income Corporation
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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