Realty Income (O) prices £750 million green bond offering.

Realty Income (O) announced today that it has priced a two-part offering of £750 million senior unsecured notes.  Proceeds will be allocated to finance or refinance eligible green projects in accordance with Green Bond Principles 2021 established by the International Capital Market Association.  The offering includes:

• • • £400 million of 1.175% senior unsecured notes due 2027.  The notes were priced at a discount to yield 1.242% or +90 basis points to the reference security.
    • £350 million of 1.750% senior unsecured notes due 2033.  The notes were priced at a discount to yield 1.757% or +105 basis points to the reference security.

Realty Income is a large-cap equity REIT focusing on the acquisition and ownership of net-lease retail (84%) and commercial (16%) properties. As of March 31, 2021, the company's portfolio included 6,652 properties in 50 states and the United Kingdom, leased to tenants including Walgreens (5.5% of revenues), 7-Eleven (4.6%), Dollar General (4.3%), and FedEx (3.7%). Realty Income was added to the S&P 500 in 2015 and has a current market capitalization of approximately $32 billion.

07/08/2021