Realty Income Prices $600 Million Offering of Senior Notes Due 2035

Core Viewpoint - Realty Income Corporation has announced a public offering of $600 million in senior unsecured notes with a 5.125% interest rate, maturing in 2035, aimed at financing various corporate purposes [1][2]. Group 1: Offering Details - The public offering price for the notes is set at 98.371% of the principal amount, resulting in an effective semi-annual yield to maturity of 5.337% [1]. - The offering is expected to close on April 10, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for general corporate purposes, including the repayment of$ 500 million in outstanding 3.875% notes due April 15, 2025, and other financial activities such as property development and acquisitions [2]. Group 3: Company Background - Realty Income Corporation, known as "The Monthly Dividend Company®," has a diversified portfolio of over 15,600 properties across the U.S., U.K., and six other European countries, and has consistently paid monthly dividends for over 30 years [6].