secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001104659-26-001089
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000110465926001089/0001104659-26-001089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000110465926001089/tm261717d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-001089

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