Realty Income closes USD 1 billion convertible senior notes offering - O News | RalliesRealty Income closes USD 1 billion convertible senior notes offering
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O• Convertible notes offering closes
- Realty Income closed a USD 1 billion private offering of 3.750% convertible senior notes due 2031.
- Deal size reflects the USD 875 million base offering, including full exercise of a USD 125 million upsized option.
- Net proceeds totaled about USD 981.9 million; USD 33.2 million funded capped call transactions.
- About USD 188.7 million used to repurchase 3 million shares; remaining proceeds earmarked for general corporate purposes, including debt repayment.
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