W. P. Carey has priced an underwritten public offering of $350 million aggregate principal amount of 5.200% Senior Notes due 2036. The notes were offered at 99.015% of the principal amount, with interest paid semi-annually beginning March 15, 2027. The company intends to use the net proceeds to repay its $350 million of 4.250% Senior Notes due October 2026 and for other general corporate purposes, including potential future investments and repaying other indebtedness. Wells Fargo Securities, RBC Capital Markets, U.S. Bancorp Investments, and BBVA Securities acted as joint book-running managers. The offering is expected to settle on July 2, 2026, subject to customary closing conditions.
W P Carey IncPriced $350M senior notes at 5.200% to refinance lower-coupon debt and for general corporate purposes, improving financial flexibility.