Realty Income (O) closes £315 million private placement of senior notes.

Realty Income (O) announced today that it has closed on a private placement of £315 million 2.73% senior notes due 2034.  The sterling-denominated offering is being used to partially fund (and hedge) the £429 million acquisition of 12 properties leased to Sainsbury's, which represents Realty Income's first non-U.S. investment.  The 2034 senior notes priced approximately 135 bp over 15-year Gilts based on reference data provided by Tullett Prebon.

Realty Income Corp. (O) is a large-cap equity REIT focusing on net-lease retail and commercial properties across the U.S.   The company has a total market capitalization of approximately $26 billion and is a member of the S&P 500.