Realty Income Prices $750 Million Convertible Senior Notes Offering

Summary

Realty Income Corporation announced the pricing of its $750 million 3.500% Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. The notes will accrue interest at a rate of 3.500% per annum and may be converted into common stock at an initial conversion rate of 14.4051 shares per $1,000 principal amount. Realty Income intends to use the net proceeds for general corporate purposes, including the repayment of debt and potential stock repurchases.