---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-128199"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:34:49.633121+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Realty Income amends credit facilities; raises subsidiary debt cap to $350M and cross-default threshold to $200M

## Summary
- Subsidiary non-guarantor debt limit increased from $50M per sub/$100M aggregate to $350M for any sub or in aggregate.
- Cross-default event of default threshold raised from $125M to $200M under both Credit Agreement and Term Loan Agreement.
- Amendment dated December 21, 2023, with lenders including Wells Fargo, JPMorgan, Bank of America, and others.

## SEC filing metadata
- accession: 0001104659-23-128199
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465923128199/0001104659-23-128199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465923128199/tm2333451d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-128199
- JSON: https://secwatch.observer/filing/0001104659-23-128199.json
- Plain text: https://secwatch.observer/filing/0001104659-23-128199.txt

## Key facts
- Material Agreements
  REALTY INCOME CORP entered into First Amendment to Term Loan Agreement with Toronto Dominion (Texas) LLC valued at Amendment increases permitted subsidiary debt from $100M aggregate to $350M and cross-default thresh (effective 2023-12-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Toronto Dominion (Texas) LLC
  - Value: Amendment increases permitted subsidiary debt from $100M aggregate to $350M and cross-default thresh
  - Effective: 2023-12-21
  source text: he Company entered into that certain First Amendment to Term Loan Agreement (the “Term Loan Agreement Amendment”) which amends
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000110465923128199/0001104659-23-128199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.