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Realty Income Announces Proposed Convertible Senior Notes Offering
Proceeds from the $750 million offering will fund debt refinancing, including $500 million maturing senior notes, and share repurchases, supporting Realty Income's corporate strategy.
- On Jan. 5, 2026, Realty Income Corporation announced a private Rule 144A offering of $750 million convertible senior notes due January 15, 2029, with initial purchasers granted an option to buy an additional $112.5 million within 13 days.
- To address near-term maturities, Realty Income plans to use proceeds mainly for general corporate purposes, including repayment of the $500.0 million of outstanding 5.050% senior notes due 2026, and expects to repurchase common stock concurrently with pricing.
- Noteholders will have conversion rights settled by cash or common stock, and Realty Income may redeem notes early only to preserve REIT status or repurchase upon 'fundamental change' events.
- Pricing will set the interest rate, initial conversion rate and final terms, Realty Income warned the offering may not be consummated and the notes are unregistered under the Securities Act.
- As an S&P 500 company with over 15,500 properties as of September 30, 2025, Realty Income, known as "The Monthly Dividend Company," draws significant investor focus.
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Helena Independent Record+10 Reposted by 10 other sources
Realty Income Announces Proposed Convertible Senior Notes Offering
SAN DIEGO, Jan. 5, 2026 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its intention to offer, subject to market and other conditions, $750 million aggregate principal amount of convertible senior notes due…
·Helena, United States
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Realty Income Announces Proposed Convertible Senior Notes Offering - Realty Income (NYSE:O)
SAN DIEGO, Jan. 5, 2026 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, today announced its intention to offer, subject to market and other conditions, $750 million
·New York, United States
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Total News Sources12
Leaning Left1Leaning Right0Center7Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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