debt
confidence high
sentiment neutral
materiality 0.50
W. P. Carey issues $400M of 5.375% Senior Notes due 2034
W. P. Carey Inc.
- $400M aggregate principal amount, 5.375% interest, matures June 30, 2034.
- Interest payable semi-annually on June 30 and Dec 30, starting Dec 30, 2024.
- Net proceeds for general corporate purposes, including investments and debt repayment.
- Notes are unsecured, unsubordinated, rank equally with existing unsecured debt.
- Redemption: make-whole prior to March 30, 2034; thereafter at 100% of principal.