Realty Income Announces Proposed $750M Convertible Senior Notes Due 2031

Realty Income Corporation ((Realty Income, NYSE: O ), The Monthly Dividend Company®, today announced its intention to offer, subject to market and other conditions, $750.0 million aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Realty Income also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $112.5 million aggregate principal amount of notes. The notes will be senior, unsecured obligations of Realty Income and interest will be payable semi-annually in arrears. Realty Income will settle conversions by paying c...