SAN DIEGO, Feb. 26, 2020
/PRNewswire/ -- Realty Income Corporation (Realty Income,
NYSE: O), The Monthly Dividend Company®, today announced
that it has commenced an underwritten public offering of 9,000,000
shares of common stock. The company also plans to grant the
underwriters a 30-day option to purchase up to 1,350,000 additional
shares of common stock. The joint book-running managers for the
offering are BofA Securities, Morgan Stanley, Wells Fargo
Securities and RBC Capital Markets.
The company intends to use the net proceeds from the offering to
repay borrowings outstanding under its $3.0
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 preliminary prospectus supplement and accompanying prospectus
related to the public offering of these securities have been or
will be filed with the Securities and Exchange Commission. Copies
of the preliminary prospectus supplement and prospectus, when
available, may be obtained from BofA Securities, Attn: Prospectus
Department, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, NC 28255-0001 or email:
dg.prospectus_requests@bofa.com; or Morgan Stanley, Attn:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Wells Fargo
Securities, Attention: Equity Syndicate Department, 500 West 33rd
Street, New York, New York, 10001,
at (800) 326-5897 or email: cmclientsupport@wellsfargo.com; or RBC
Capital Markets, Attn: Equity Syndicate Department, 200 Vesey
Street, 8th Floor, New York, NY
10281, telephone: (877) 822-4089 or email:
equityprospectus@rbccm.com.
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 preliminary prospectus
supplement related to the offering and the related prospectus. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or
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, domestic and foreign 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, changes in foreign currency exchange
rates, property acquisitions and the timing of these acquisitions,
charges for property impairments, and the outcome of any 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/realty-income-announces-commencement-of-common-stock-public-offering-301012039.html
SOURCE Realty Income Corporation