SAN DIEGO, June 12, 2019 /PRNewswire/ -- Realty Income
Corporation (Realty Income, NYSE: O), The Monthly Dividend
Company®, today announced the pricing of a public
offering of $500 million of 3.25%
senior unsecured notes due 2029. The public offering price for the
notes was 99.359% of the principal amount for an effective yield to
maturity of 3.326%. The net proceeds from this offering will be
used to repay borrowings outstanding under our $3.0 billion revolving credit facility and,
to the extent not used for that purpose, to fund potential
investment opportunities and/or for other general corporate
purposes. This offering is expected to close on June 19, 2019, subject to the satisfaction of
customary closing conditions.
The underwriters for the offering are: Citigroup, BNY Mellon
Capital Markets, LLC, Credit Suisse, Goldman Sachs & Co. LLC,
Mizuho Securities, US Bancorp, BofA Merrill Lynch, Barclays, J.P.
Morgan, Morgan Stanley, RBC Capital Markets, Regions Securities
LLC, and Wells Fargo Securities (joint book-running managers),
BB&T Capital Markets, BMO Capital Markets, MUFG, PNC Capital
Markets LLC, Scotiabank, Stifel, TD Securities, and UBS
Investment Bank (co-lead managers), Comerica Securities and Ramirez
& Co., Inc. (senior co-managers), Academy Securities, Evercore
ISI, and Moelis & Company (co-managers).
A copy of the prospectus supplement and prospectus, when
available, related to this offering may be obtained by contacting:
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
telephone: (800) 831-9146 or email: prospectus@citi.com; BNY Mellon
Capital Markets, LLC, 240 Greenwich Street, 3W, New York, NY 10286, Attention: Debt Capital
Markets or telephone: (800) 269-6864; Credit Suisse, Attention:
Credit Suisse Prospectus Department, Eleven Madison Avenue,
New York, NY 10010, telephone:
(800) 221-1037 or email: usa.prospectus@credit-suisse.com; Goldman
Sachs & Co. LLC, Prospectus Department, 200 West Street,
New York, NY 10282, telephone:
(866) 471-2526 or facsimile: (212) 902-9316 or email:
prospectus-ny@ny.email.gs.com; Mizuho Securities, Attention: Debt
Capital Markets, 320 Park Avenue, New
York, NY 10022 or by calling toll-free at (866) 271-7403; or
US Bancorp, 214 N. Tryon St., 26th Floor Charlotte, NC 28202, Attention: Debt Capital
Markets or telephone: (877) 558-2607.
These securities are offered pursuant to a Registration
Statement that has become effective under the Securities Act of
1933, as amended. These securities are only offered by means of the
prospectus included in the Registration Statement and the
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 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, local 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, 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.
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SOURCE Realty Income Corporation