Loan & DebtJun 30, 2026, 04:27 PM
W. P. Carey Prices $350M Senior Notes Due 2036 at 5.200%
AI Summary
W. P. Carey Inc. announced the pricing of an underwritten public offering of $350 million aggregate principal amount of 5.200% Senior Notes due 2036. The offering is expected to settle on July 2, 2026. The company intends to use the net proceeds to repay its $350 million aggregate principal amount of 4.250% Senior Notes due October 2026 and for other general corporate purposes, including funding potential future investments and repaying amounts outstanding under its unsecured revolving credit facility.
Key Highlights
- W. P. Carey Inc. priced $350 million aggregate principal amount of Senior Notes.
- The Senior Notes have an interest rate of 5.200% and are due in 2036.
- The offering is expected to settle on July 2, 2026.
- Net proceeds will repay $350 million of 4.250% Senior Notes due October 2026.
- Proceeds will also be used for general corporate purposes, including funding future investments and repaying other indebtedness.
- Wells Fargo Securities, RBC Capital Markets, and U.S. Bancorp Investments acted as representatives of the underwriters.
Price Impact
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