WASHINGTON (dpa-AFX) - Realty Income Corp. (O) Tuesday priced $350 million of 5-year 2.00 percent fixed rate Notes, due January 31, 2018, and $450 million of 10-year 3.25 percent fixed rate Notes, due October 15, 2022.
The public offering price for the 5-year notes was 99.910 percent of the principal amount for an effective yield to maturity of 2.017 percent. The public offering price for the 10-year notes was 99.382 percent of the principal amount for an effective yield to maturity of 3.323 percent.
The net proceeds from the offering will be used to repay borrowings outstanding on the Company's $1.0 billion acquisition credit facility, and any remaining proceeds will be used for general corporate purposes, which may include additional property acquisitions.
Copyright RTT News/dpa-AFX
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