---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-001089"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:35:29.634109+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-001089
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465926001089/0001104659-26-001089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465926001089/tm261717d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-001089
- JSON: https://secwatch.observer/filing/0001104659-26-001089.json
- Plain text: https://secwatch.observer/filing/0001104659-26-001089.txt

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