Realty Income Announces £900 Million Sterling-Denominated Term Loan

Core Points - Realty Income Corporation has closed a £900 million Sterling-denominated unsecured term loan, maturing in January 2028 with a twelve-month extension option [1] - The loan proceeds will be used to repay outstanding Sterling-denominated borrowings on a $4.0 billion multicurrency revolving credit facility, pre-funding the refinancing of a January 2026 multi-currency term loan [1] - Realty Income's current A3/A- credit ratings allow for a borrowing rate of 80 basis points over the Sterling Overnight Index Average (SONIA) rate, with a fixed weighted average interest rate of 4.3% over the initial term due to executed interest rate swaps [2] Financial Flexibility - The term loan enhances Realty Income's financial flexibility abroad and addresses the upcoming Sterling-denominated term loan maturity with a lower all-in fixed rate [3] - A total of ten lenders participated in the loan, including major financial institutions such as TD Securities, Bank of America, and JPMorgan Chase [4] Company Overview - Realty Income, known as "The Monthly Dividend Company," has a portfolio of over 15,500 properties across the U.S., U.K., and seven other European countries as of September 30, 2025 [5] - The company has declared 665 consecutive monthly dividends and is a member of the S&P 500 Dividend Aristocrats index for increasing dividends for over 30 consecutive years [5]