W. P. Carey Prices €1.0 Billion Senior Notes Offering

By Chris Stiles • Friday, February 13 10:55 • Permanent Link

W. P. Carey Inc. has recently priced a significant offering of €1.0 billion in aggregate principal amount of senior unsecured notes. This offering consists of two tranches: €500 million aggregate principal amount of 3.250% senior notes due 2031 and €500 million aggregate principal amount of 3.750% senior notes due 2035.

The 2031 notes are being offered at 99.249% of the principal amount, while the 2035 notes are being offered at 98.500% of the principal amount.

Interest on the 2031 notes will be paid annually on October 2 of each year, starting from October 2, 2026. On the other hand, interest on the 2035 notes will be paid annually on May 10 of each year, starting from May 10, 2026.

The offering is expected to settle on February 24, 2026, and the net proceeds will be used to repay all outstanding €500 million of its 2.250% senior notes due April 2026. Additionally, the funds will be allocated for general corporate purposes, potential future investments, and repayment of certain other indebtedness.

The joint book-running managers for the notes offering include J.P. Morgan Securities plc, Barclays Bank plc, BNP Paribas, and Wells Fargo Securities International Limited.

This offering follows the filing of a registration statement with the Securities and Exchange Commission (SEC), which has become effective under the Securities Act of 1933. Potential investors are advised to review the prospectus supplement and accompanying prospectus for comprehensive information about the company and the offering.

W. P. Carey Inc. is an internally-managed, diversified Real Estate Investment Trust (REIT) and a prominent owner of commercial real estate, primarily in the United States and Europe. The company's revenues primarily originate from lease revenue provided by its real estate portfolio, which mainly comprises single-tenant industrial, warehouse, and retail facilities.

The press release does not constitute an offer to sell or a solicitation of an offer to buy, and the distribution of this press release is restricted to relevant persons with professional experience in investments or falling within specific definitions outlined in the Financial Promotion Order. Today the company's shares have moved 1.94% to a price of $70.26. Check out the company's full 8-K submission here.

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