Realty Income prices $750M 3.500% convertible senior notes due 2029

REALTY INCOME CORP

Priced $750M aggregate principal of 3.500% convertible notes due Jan 15, 2029; initial purchasers option for additional $112.5M.
Initial conversion price ~$69.42/share, ~20% premium over $57.85 close on Jan 5, 2026; conversion rate 14.4051 shares per $1,000.
Net proceeds estimated $735M ($845.5M if full exercise); to repay $500M 5.050% notes due Jan 13, 2026 plus general corporate purposes.
Concurrent repurchase of ~1.8M shares for ~$102.1M in privately negotiated transactions via initial purchaser affiliate.
Settlement expected Jan 8, 2026; notes unsecured, senior, non-redeemable except for REIT tax preservation.

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