---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-002136"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2026-01-08T23:59:59+00:00"
generated_at: "2026-05-16T11:16:38.624605+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Realty Income closes $862.5M 3.5% convertible note offering due 2029; repurchases $101.9M in stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-002136
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2026-01-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465926002136/0001104659-26-002136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465926002136/tm262509d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-002136
- JSON: https://secwatch.observer/filing/0001104659-26-002136.json
- Plain text: https://secwatch.observer/filing/0001104659-26-002136.txt

## Key facts
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/726728/000110465926002136/0001104659-26-002136-index.htm

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