W. P. Carey Inc. (NYSE: WPC) has announced the pricing of $400 million in senior unsecured notes, with a 4.650% interest rate and a due date of 2030. The notes were offered at 99.088% of the principal amount. Interest on the notes will be paid semi-annually on January 15 and July 15 of each year, starting on January 15, 2026.
The offering of the notes is expected to settle on July 10, 2025, subject to customary closing conditions. The net proceeds from this offering are intended to be used for various purposes, including repaying certain indebtedness and for general corporate needs.
It's worth noting that Wells Fargo Securities, LLC, BofA Securities, Inc., Scotia Capital (USA) Inc., and Mizuho Securities USA LLC acted as joint book-running managers for the notes offering.
W. P. Carey Inc. is an internally-managed diversified REIT and a leading owner of commercial real estate, primarily in the United States and northern and western Europe. The company's revenues mainly come from lease revenue provided by its real estate portfolio, which is primarily comprised of single-tenant industrial, warehouse, and retail facilities. Today the company's shares have moved -0.65% to a price of $61.895. If you want to know more, read the company's complete 8-K report here.
