REALTY INCOME CORP (O): debt financing — Realty Income enters into $1.045B multicurrency 364-day term loan facility

REALTY INCOME CORP

$90M USD, £705M Sterling, €85M Euro term loans; initial total ~$1.045B.
Maturity 364 days from closing; two optional 12-month extensions.
Interest based on SOFR/SONIA/EURIBOR plus 0.800% margin (initial Level 2).
Accordion feature allows up to $1.5B total borrowings with additional lender commitments.
Proceeds for general corporate purposes; includes customary covenants and events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

REALTY INCOME CORP incurred term loan of $90.0 million USD, £705.0 million Sterling, and €85,000,000 Euro with lenders party thereto at SONIA, EURIBOR, or SOFR plus Applicable Margin of 0.800% per annum maturing 364 days after the closing date.

Instrument: term loan
Principal: $90.0 million USD, £705.0 million Sterling, and €85,000,000 Euro
Counterparty: lenders party thereto
Rate: SONIA, EURIBOR, or SOFR plus Applicable Margin of 0.800% per annum
Maturity: 364 days after the closing date
Event: incurrence

Exact text from the filing

On January 6, 2023, Realty Income Corporation (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”), among the Company, as Borrower, the lenders party thereto, Toronto Dominion (Texas) LLC, as Administrative Agent, and the other parties named therein. The Term Loan Agreement provides for a $90.0 million U.S. Dollar denominated term loan (the "USD Term Loan"), a £705.0 million Sterling denominated term loan (the "Sterling Term Loan") and a €85,000,000 Euro denominated term loan (the "Euro Term Loan" and collectively with the USD Term Loan and the Sterling Term Loan, the "Term Loans").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

REALTY INCOME CORP entered into Term Loan Agreement with the lenders party thereto, Toronto Dominion (Texas) LLC, as Administrative Agent, and the other parties named therein valued at $90.0 million, £705.0 million, and €85,000,000 (effective 2023-01-06).

Action: entry
Agreement: credit facility
Counterparty: the lenders party thereto, Toronto Dominion (Texas) LLC, as Administrative Agent, and the other parties named therein
Value: $90.0 million, £705.0 million, and €85,000,000
Effective: 2023-01-06

Exact text from the filing

On January 6, 2023, Realty Income Corporation (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”), among the Company, as Borrower, the lenders party thereto, Toronto Dominion (Texas) LLC, as Administrative Agent, and the other parties named therein.

View on SEC.gov

24 debt financings filed in the last 30 days. Browse all debt financings →

REALTY INCOME CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-001852

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