SAN DIEGO, May 24, 2016 /PRNewswire/ -- Realty Income
Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced the closing of the company's
common stock offering of 6,500,000 shares. Net proceeds from the
offering, before deducting offering expenses, are approximately
$383.8 million.
Credit Suisse, Morgan Stanley and UBS Investment Bank acted as
joint book-running managers and underwriters for the
offering.
The company expects to use the net proceeds from the offering to
repay borrowings under its $2.0
billion unsecured revolving credit facility and, to the
extent not used for that purpose, to fund potential investment
opportunities and/or for other general corporate purposes.
A prospectus supplement and accompanying prospectus related to
the public offering of these securities have been filed with the
Securities and Exchange Commission. Copies of the prospectus
supplement and prospectus, when available, may be obtained from
Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, One Madison Avenue,
New York, NY 10010, by calling
toll-free (800) 221-1037 or by emailing
newyork.prospectus@credit-suisse.com; or Morgan Stanley & Co.
LLC, Attn: Prospectus Department,180 Varick
Street, 2nd Floor, New York, New
York 10014; or UBS Securities LLC, Attn: Prospectus
Department, 1285 Avenue of the Americas, New York, New York 10019, toll free at
1.888.827.7275.
These securities are offered pursuant to a Registration
Statement that has become effective under the Securities Act. These
securities are only offered by means of the prospectus included in
the Registration Statement and the preliminary prospectus
supplement related to the offering. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
other jurisdiction where, or to any person to whom, the offer,
solicitation, or sale of these securities would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
Forward-Looking Statements
Statements in this press
release that are not strictly historical are "forward-looking"
statements. Forward-looking statements involve known and unknown
risks, which may cause the company's actual future results to
differ materially from expected results. These risks include, among
others, general economic conditions, local real estate conditions,
tenant financial health, the availability of capital to finance
planned growth, continued volatility and uncertainty in the credit
markets and broader financial markets, property acquisitions and
the timing of these acquisitions, charges for property impairments,
and the outcome of legal proceedings to which the company is a
party, as described in the company's filings with the Securities
and Exchange Commission. Consequently, forward-looking statements
should be regarded solely as reflections of the company's current
operating plans and estimates. Actual operating results may differ
materially from what is expressed or forecast in this press
release. The company undertakes no obligation to publicly release
the results of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date
these statements were made.
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SOURCE Realty Income Corporation