debt
confidence high
sentiment neutral
materiality 0.55
W. P. Carey prices $350M of 5.200% Senior Notes due 2036 to refinance 2026 notes
W. P. Carey Inc.
- $350M aggregate principal, 5.200% coupon, due 2036, priced at 99.015% of par.
- Net proceeds to repay $350M of 4.250% Senior Notes due October 2026.
- Settlement expected July 2, 2026, subject to customary closing conditions.
- Joint book-running managers: Wells Fargo, RBC, U.S. Bancorp, BBVA Securities.
- Interest paid semi-annually on March 15 and September 15, starting March 15, 2027.