debt
confidence high
sentiment neutral
materiality 0.60
W. P. Carey issues $350M 5.200% Senior Notes due 2036 to refinance existing debt
W. P. Carey Inc.
- $350M aggregate principal of 5.200% Senior Notes due 2036 issued on July 2, 2026.
- Net proceeds to repay $350M of 4.250% Senior Notes due Oct 2026 and for general corporate purposes.
- Notes mature Sept 15, 2036; interest payable semi-annually starting March 15, 2027.
- Notes are unsecured, rank equally with existing unsecured debt.
- Covenants include maintaining unencumbered assets to unsecured debt ratio.