{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-112361","form_type":"8-K","ticker":"O","cik":"0000726728","company_name":"REALTY INCOME CORP","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.835300+00:00","generated_at":"2026-06-09T06:19:52.318693+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Realty Income to acquire Spirit Realty Capital in $9.3B all-stock merger","bullets":["Exchange ratio: 0.762 Realty Income shares per Spirit share; Spirit shareholders will own ~13% of combined company.","Transaction valued at ~$9.3B enterprise value; combined company ~$63B enterprise value.","Expected >2.5% accretion to annualized AFFO per share; leverage neutral, no external capital needed.","Expected close in Q1 2024, subject to Spirit shareholder approval and customary conditions.","Termination fee of $173.97M (or $93.68M under certain conditions); expense reimbursement $25M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-112361","json":"https://secwatch.observer/filing/0001104659-23-112361.json","markdown":"https://secwatch.observer/filing/0001104659-23-112361.md","text":"https://secwatch.observer/filing/0001104659-23-112361.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/726728/000110465923112361/0001104659-23-112361-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/726728/000110465923112361/tm2329370d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:19:52.318693+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"65f77a3246350626ea1df53b6155267888f159cb","claim":"REALTY INCOME CORP entered into Agreement and Plan of Merger with Spirit Realty Capital, Inc. valued at 0.762 shares of Realty Income common stock per Spirit share (effective 2023-10-29).","evidence_excerpt":"On October 29, 2023, Realty Income Corporation, a Maryland corporation (“ Realty Income ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Saints MD Subsidiary, Inc., a Maryland corporation and a direct wholly owned subsidiary of Realty Income (“ Merger Sub ”), and Spirit Realty Capital, Inc., a Maryland corporation (“ Spirit ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/726728/000110465923112361/0001104659-23-112361-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Spirit Realty Capital, Inc."},{"label":"Value","value":"0.762 shares of Realty Income common stock per Spirit share"},{"label":"Effective","value":"2023-10-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}