Realty Income is selling another $150 million worth of senior unsecured notes under a six-year-old bond issue that matures in 2035. The REIT has re-opened an issue that it had priced in 2005.
The company intends to use the proceeds to fund property acquisitions and for other general corporate purposes. Citi, BofA Merrill Lynch and JP Morgan are the joint-book running managers for the offering, while co-lead managers are BNY Mellon Capital Markets and Wells Fargo Securities.
Click here for the release from Business Wire.