O

Realty Income Corporation

63.07
USD
1.24%
63.07
USD
1.24%
55.50 76.06
52 weeks
52 weeks

Mkt Cap 24.56B

Shares Out 389.39M

Chat
Send me real-time posts from this site at my email

Realty Income prices $750M debt offering

The offering price was 99.879% of the principal amount for an effective semi-annual yield to maturity of 5.641%. In conjunction with the pricing, Realty executed a $600M U.S. Dollar-to-Euro 10-year cross currency swap, which led to an anticipated receipt of ~€612M in proceeds and an effective fixed-rate, Euro-denominated semi-annual yield to maturity of ~4.70%. In addition, the company terminated forward starting interest rate swaps totaling $500M in notional value previously entered into, recognizing a cash settlement gain of ~$72M. Giving effect to these transactions, Realty expects to recognize an effective semi-annual yield to maturity of ~3.93% on the overall transaction, including the recognition of the cash settlement gain. Realty intends to use the net proceeds for general corporate purposes, which may include, debt repayment or repurchase, hedging instruments, and development/acquisition of properties.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue