20/08/2024 | Press release | Distributed by Public on 20/08/2024 20:50
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Per Note
|
| |
Total
|
| ||||||
Public offering price(1)
|
| | | | 98.374% | | | | | $ | 491,870,000 | | |
Underwriting discount
|
| | | | 0.875% | | | | | $ | 4,375,000 | | |
Proceeds, before expenses, to Realty Income Corporation
|
| | | | 97.499% | | | | | $ | 487,495,000 | | |
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Page
|
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Prospectus Supplement Summary
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| | | | S-1 | | |
Risk Factors
|
| | | | S-7 | | |
Forward-Looking Statements
|
| | | | S-14 | | |
Use of Proceeds
|
| | | | S-16 | | |
Description of Notes
|
| | | | S-18 | | |
Supplemental U.S. Federal Income Tax Considerations
|
| | | | S-29 | | |
Underwriting (Conflicts of Interest)
|
| | | | S-30 | | |
Legal Matters
|
| | | | S-36 | | |
Experts
|
| | | | S-37 | | |
Incorporation By Reference
|
| | | | S-38 | | |
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Page
|
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About This Prospectus
|
| | | | 1 | | |
The Company
|
| | | | 3 | | |
Risk Factors
|
| | | | 4 | | |
Forward-Looking Statements
|
| | | | 5 | | |
Use of Proceeds
|
| | | | 7 | | |
Description of Debt Securities
|
| | | | 8 | | |
Description of Common Stock
|
| | | | 19 | | |
General Description of Preferred Stock
|
| | | | 21 | | |
Description of Other Securities
|
| | | | 35 | | |
Restrictions on Ownership and Transfers of Stock
|
| | | | 36 | | |
Certain Provisions of Maryland Law and of our Charter and Bylaws
|
| | | | 39 | | |
United States Federal Income Tax Considerations
|
| | | | 44 | | |
Plan of Distribution
|
| | | | 68 | | |
Legal Matters
|
| | | | 69 | | |
Experts
|
| | | | 69 | | |
Where You Can Find More Information
|
| | | | 70 | | |
Incorporation by Reference
|
| | | | 71 | | |
Note Covenants
|
| |
Required
|
| |
Actual
|
|
Limitation on incurrence of total Debt
|
| |
≤60% of Adjusted Total Assets
|
| |
41.0%
|
|
Limitation on incurrence of Secured Debt
|
| |
≤40% of Adjusted Total Assets
|
| |
0.4%
|
|
Debt service coverage ratio(1)
|
| | ≥1.5x | | |
4.7x
|
|
Maintenance of Total Unencumbered Assets
|
| | ≥150% of Unsecured Debt | | |
242.9%
|
|
Underwriters
|
| |
Principal Amount
of Notes |
| |||
Barclays Capital Inc.
|
| | | $ | 55,000,000 | | |
J.P. Morgan Securities LLC
|
| | | | 40,000,000 | | |
RBC Capital Markets, LLC
|
| | | | 40,000,000 | | |
TD Securities (USA) LLC
|
| | | | 40,000,000 | | |
Wells Fargo Securities, LLC
|
| | | | 40,000,000 | | |
BNP Paribas Securities Corp.
|
| | | | 20,000,000 | | |
BofA Securities, Inc.
|
| | | | 20,000,000 | | |
Citigroup Global Markets Inc.
|
| | | | 20,000,000 | | |
Goldman Sachs & Co. LLC
|
| | | | 20,000,000 | | |
Mizuho Securities USA LLC
|
| | | | 20,000,000 | | |
Scotia Capital (USA) Inc.
|
| | | | 20,000,000 | | |
BBVA Securities Inc.
|
| | | | 15,000,000 | | |
PNC Capital Markets LLC
|
| | | | 15,000,000 | | |
Regions Securities LLC
|
| | | | 15,000,000 | | |
Santander US Capital Markets LLC
|
| | | | 15,000,000 | | |
U.S. Bancorp Investments, Inc.
|
| | | | 15,000,000 | | |
BNY Mellon Capital Markets, LLC
|
| | | | 12,500,000 | | |
Huntington Securities, Inc.
|
| | | | 12,500,000 | | |
Morgan Stanley & Co. LLC
|
| | | | 12,500,000 | | |
Truist Securities, Inc.
|
| | | | 12,500,000 | | |
BMO Capital Markets Corp.
|
| | | | 10,000,000 | | |
Citizens JMP Securities, LLC
|
| | | | 10,000,000 | | |
UBS Securities LLC
|
| | | | 10,000,000 | | |
Comerica Securities, Inc.
|
| | | | 3,750,000 | | |
Samuel A. Ramirez & Company, Inc.
|
| | | | 3,750,000 | | |
Academy Securities, Inc.
|
| | | | 2,500,000 | | |
Total
|
| | | $ | 500,000,000 | | |
| | |
Per Note
|
| |
Total
|
| ||||||
Underwriting discount
|
| | | | 0.875% | | | | | $ | 4,375,000 | | |
| | |
Page
|
| |||
About This Prospectus
|
| | | | 1 | | |
The Company
|
| | | | 3 | | |
Risk Factors
|
| | | | 4 | | |
Forward-Looking Statements
|
| | | | 5 | | |
Use of Proceeds
|
| | | | 7 | | |
Description of Debt Securities
|
| | | | 8 | | |
Description of Common Stock
|
| | | | 19 | | |
General Description of Preferred Stock
|
| | | | 21 | | |
Description of Other Securities
|
| | | | 35 | | |
Restrictions on Ownership and Transfers of Stock
|
| | | | 36 | | |
Certain Provisions of Maryland Law and of our Charter and Bylaws
|
| | | | 39 | | |
United States Federal Income Tax Considerations
|
| | | | 44 | | |
Plan of Distribution
|
| | | | 68 | | |
Legal Matters
|
| | | | 69 | | |
Experts
|
| | | | 69 | | |
Where You Can Find More Information
|
| | | | 70 | | |
Incorporation by Reference
|
| | | | 71 | | |