Realty Income prices $875M 3.750% convertible notes due 2031, upsized from $750M

REALTY INCOME CORP

$875M principal 3.750% conv notes due Aug 15, 2031; settlement Aug 14, 2026; upsized from $750M.
Initial conversion price ~$72.72/share (17.5% premium to $61.89 close); capped call cap ~$83.55.
Net proceeds ~$859M (~$981.9M if option exercised); $188.7M for repurchase of ~3.0M shares.
$29.1M for capped call costs; remainder for general corporate purposes incl. debt repayment, acquisitions.

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