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Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, today announced the pricing of a public offering of $500 million of 5.375% senior unsecured notes due 2054 (the "Notes"). The public offering price for the Notes was 98.374% of the principal amount for an effective semi-annual yield to maturity of 5.486%.
The net proceeds from this offering will be used for general corporate purposes, which may include, among other things, the repayment or repurchase of Realty Income's indebtedness (including borrowings under Realty Income's revolving credit facility and commercial paper programs), foreign currency swaps or other hedging instruments, the development, redevelopment and acquisition of additional properties, acquisition or business combination transactions, redemptions of Realty Income's outstanding preferred stock, and the expansion and improvement of certain properties in our portfolio.
Posted In: O