REALTY INCOME CORP (O): debt financing — Realty Income closes $862.5M 3.5% convertible note offering due 2029; repurchases $101.9M in stock

REALTY INCOME CORP

Issued $862.5M aggregate principal of 3.5% convertible senior notes maturing Jan 15, 2029; initial conversion price $69.42/share.
Net proceeds of $845.5M after discounts; includes full exercise of $112.5M initial purchasers' option.
Plans to use majority of proceeds for general corporate purposes, including repayment of $500M 5.05% notes due Jan 13, 2026.
Concurrently repurchased ~1.8M shares for $101.9M in privately negotiated transactions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

REALTY INCOME CORP incurred convertible notes of $862,500,000 with The Bank of New York Mellon Trust Company, N.A. at 3.500% per annum maturing January 15, 2029.

Instrument: convertible notes
Principal: $862,500,000
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 3.500% per annum
Maturity: January 15, 2029
Event: incurrence

Exact text from the filing

On January 8, 2026, Realty Income Corporation (the “ Company ”) issued $862,500,000 principal amount of its 3.500% Convertible Senior Notes due 2029 (the “ Notes ”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

REALTY INCOME CORP issued convertible note to qualified institutional buyers for $862.5 million aggregate principal amount.

Security: convertible note
Purchaser: qualified institutional buyers
Consideration: $862.5 million aggregate principal amount

Exact text from the filing

announced the closing of its previously announced private offering of $862.5 million aggregate principal amount of 3.500% convertible senior notes due 2029

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26 debt financings filed in the last 30 days. Browse all debt financings →

REALTY INCOME CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-002136

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