ESCONDIDO, Calif., Jan. 21 /PRNewswire/ -- Realty Income Corporation
(Realty Income) (NYSE: O), "The Monthly Dividend Company," today announced the
issuance of $20 million in 8.0% senior unsecured notes due 2009. The price to
the investor for the notes was 98.757% of the principal amount for an
effective yield of 8.10%. The offering was underwritten by Donaldson, Lufkin
& Jenrette and was placed with a single buyer.
The net proceeds from the offering will be used to repay certain
borrowings under the Company's $170 million unsecured acquisition credit
facility and for other general corporate purposes.
Tom A. Lewis, Chief Executive Officer of Realty Income, commented on the
offering, "We are pleased to have been able to complete this long-term
financing which will help us to continue to execute our plans for acquisition
growth."
These securities are offered pursuant to a Registration Statement that has
been declared effective by the Securities and Exchange Commission. The notes
are only offered by means of the prospectus included in the Registration
Statement and the prospectus supplement related to the offering. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy, nor shall there be any sale of these securities in any state where the
offer, solicitation or sale of these securities would be unlawful.
Realty Income is "The Monthly Dividend Company," a New York Stock Exchange
real estate company dedicated to providing shareholders with dependable
monthly income. The monthly income is supported by the cash flows from
975 retail properties under long-term lease agreements with leading regional
and national retail chains. The Company is an active buyer of net-leased
retail properties nationwide.
SOURCE Realty Income Corporation
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http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Investor
Relations, 760-741-2111 ext. 177
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charge by calling our toll-free investor hotline number:
888-811-2001, or through the internet at
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