secwatch.observer — SEC 8-K summary
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Issuer:     REALTY INCOME CORP (O)
CIK:        0000726728
Form:       8-K
Filed at:   2026-08-14T20:35:01+00:00
Accession:  0001104659-26-097260
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726728/000110465926097260/0001104659-26-097260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726728/000110465926097260/tm2622133d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-097260

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer