debt
confidence high
sentiment neutral
materiality 0.70
W. P. Carey issues €1.0B senior notes, exercises full equity option for $64.8M
W. P. Carey Inc.
- Issued €500M 3.250% notes due 2031 and €500M 3.750% notes due 2035; proceeds to repay €500M 2.250% notes due April 2026.
- Net proceeds also used for general corporate purposes, including repaying revolving credit facility and €215M term loan due 2028.
- Underwriters fully exercised option for additional 900,000 shares at $71.38, adding $64.8M gross proceeds.
- Total gross proceeds from equity offering reached $496.8M from 6.9 million shares.