---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-113657"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:58:12.590330+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Realty Income closes £900M Sterling term loan at SONIA+80bps, fixes rate at 4.3%

## Summary
- Closed £900 million Sterling-denominated unsecured term loan maturing Jan 2028, with one 12-month extension option.
- Interest rate is SONIA plus 0.80% per annum based on A3/A- credit ratings; executed swaps fix weighted average at 4.3% over initial term.
- Proceeds will repay outstanding Sterling borrowings on $4B multicurrency revolver and pre-fund Jan 2026 term loan refinancing.
- TD Securities, Scotiabank, BofA, JPMorgan, Truist acted as joint bookrunners; 10 lenders total.

## SEC filing metadata
- accession: 0001104659-25-113657
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465925113657/0001104659-25-113657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465925113657/tm2531548d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-113657
- JSON: https://secwatch.observer/filing/0001104659-25-113657.json
- Plain text: https://secwatch.observer/filing/0001104659-25-113657.txt

## Key facts
- Debt Financings
  REALTY INCOME CORP incurred term loan of £900 million with Toronto Dominion (Texas) LLC at SONIA plus Applicable Margin of 0.800% maturing January 18, 2028.
  - Instrument: term loan
  - Principal: £900 million
  - Counterparty: Toronto Dominion (Texas) LLC
  - Rate: SONIA plus Applicable Margin of 0.800%
  - Maturity: January 18, 2028
  - Event: incurrence
  source text: The A&R Term Loan Agreement provides for a £900 million Sterling-denominated term loan facility (the “Term Loan Facility”) that will mature on January 18, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000110465925113657/0001104659-25-113657-index.htm

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