Realty Income
Realty Income is a REIT, focused on triple-net lease investments across the US, Peurto Rico and the UK
Ticker: O US
Country: United States
Sector: Real Estate - REITs
Listing: NYSE
Anticipated Rating: A3 by Moody's (Stable) and A- by S&P (Stable)
Principal Amount: 2027 Notes: GBP 250m I 2042 Notes: GBP 250m
Interest Rates: 2027 Notes: 1.875% I 2042 Notes: 2.500%
Price to Public: 2027 Notes: 99.487% I 2042 Notes: 98.445%
Spread to Benchmark (UK Treasury): 2027 Notes: +100 bps I 2042 Notes: +125 bps
Offer Structure: $250m At-the-Market Offering
Use of Proceeds: To fund potential investment opportunities and for other general corporate purposes
Berenberg Role: Co- Manager
Timing:
- Launch: 11 January 2022
- Settlement: 14 January 2022 (T+3)