debt
confidence high
sentiment neutral
materiality 0.65
W. P. Carey prices €600M 3.700% Senior Notes due 2034, proceeds for corp purposes & debt repayment
W. P. Carey Inc.
- €600M aggregate principal at 98.880% of face, 3.700% interest, maturing 2034.
- Offering expected to settle Nov 19, 2024; annual interest payments begin Nov 19, 2025.
- Proceeds to fund potential investments and repay $450M 4.00% Notes due Feb 2025 and revolver balance.
- Barclays, BNP Paribas, J.P. Morgan, BMO acted as joint book-running managers.
- Notes to be listed on Euronext Dublin (Global Exchange Market), subject to approval.