Realty Income expands multicurrency revolving credit facility to USD 5.5 billion
O•Credit facilities expanded to USD 5.5 billion
Realty Income closed a recast and expansion of its multicurrency unsecured revolving credit facilities to USD 5.5 billion from USD 4 billion.
- An accordion feature lifts potential capacity to USD 6.5 billion, subject to lender commitments.
- The facilities are split into two USD 2.75 billion tranches maturing April 29, 2029 and July 10, 2030, before two six-month extension options.
- Pricing is set at 67.5 basis points over SOFR for U.S. dollar borrowings, with a 12.5 basis point commitment fee.
- The expanded combined capacity of global commercial paper programs is USD 5.5 billion, with the revolvers intended as a liquidity backstop.
