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Realty Income Closes $1.0 Billion Convertible Notes Offering
Filed with the SEC on · Summarized by InvestorsBot
On August 14, 2026, Realty Income completed a private offering to qualified institutional buyers of $1.0 billion of 3.750% convertible senior notes due 2031, including a fully exercised $125 million option. Net proceeds were approximately $981.9 million; the company spent $33.2 million on capped-call transactions and $188.7 million to repurchase about 3.0 million shares, with the remainder intended for general corporate purposes. The notes may initially be converted into up to 16.16 million shares, subject to customary adjustments.