---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-097260"
form_type: "8-K"
ticker: "O"
cik: "0000726728"
company_name: "REALTY INCOME CORP"
filed_at: "2026-08-14T20:35:01+00:00"
generated_at: "2026-08-14T20:45:04.759762+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Realty Income closes $1.0B 3.75% convertible notes due 2031; repurchases 3M shares

## Summary
- Issued $1.0B aggregate principal of 3.750% convertible senior notes due 2031, incl. $125M option exercise.
- Initial conversion price ~$72.72/share; capped call cap price ~$83.55 (35% premium over $61.89 close).
- Net proceeds ~$981.9M; used $33.2M for capped calls and $188.7M to repurchase ~3.0M shares.
- Notes mature Aug 15, 2031; interest 3.75% semi-annual; redeemable after Aug 20, 2029 under conditions.
- Remaining proceeds for general corporate purposes, incl. debt repayment and acquisitions.

## SEC filing metadata
- accession: 0001104659-26-097260
- form_type: 8-K
- ticker: O
- cik: 0000726728
- company_name: REALTY INCOME CORP
- filed_at: 2026-08-14T20:35:01+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726728/000110465926097260/0001104659-26-097260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726728/000110465926097260/tm2622133d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-097260
- JSON: https://secwatch.observer/filing/0001104659-26-097260.json
- Plain text: https://secwatch.observer/filing/0001104659-26-097260.txt

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