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4.650% Senior Notes due 2030
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W. P. Carey Inc. Announces Pricing of $400 Million of Senior Unsecured Notes
Prnewswireยท 2025-07-07 20:06
Core Viewpoint - W. P. Carey Inc. has announced a public offering of $400 million in Senior Notes with a 4.650% interest rate, maturing in 2030, aimed at refinancing existing debt and supporting general corporate purposes [1][2]. Group 1: Offering Details - The Senior Notes are priced at 99.088% of the principal amount and will pay interest semi-annually starting January 15, 2026 [1][2]. - The offering is expected to settle on July 10, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay certain indebtedness, including a portion of the $2.0 billion unsecured revolving credit facility [2]. Group 3: Company Overview - W. P. Carey Inc. is an internally-managed diversified REIT, primarily owning commercial real estate leased to companies in the U.S. and Northern and Western Europe [6]. - The company's revenue mainly comes from lease income generated by its real estate portfolio, which includes single-tenant industrial, warehouse, and retail facilities [6].