other material
confidence high
sentiment neutral
materiality 0.50
W.P. Carey enters $1.25B at-the-market equity program, replacing prior $1B facility
W. P. Carey Inc.
- New ATM program allows up to $1.25B of common stock sales through multiple agents, effective May 1, 2025.
- Master ATM Forward Confirmations entered with 15 banks, enabling forward sale agreements for hedging.
- Prior $1B ATM program terminated concurrently with the new program.
- Proceeds intended for investments, debt repayment (including revolving credit facility), and general corporate purposes.
- Commissions up to 2.0% of gross sales price for agent sales; higher possible for principal sales.