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Realty Income Closes Common Stock Offering And Underwriters Exercise Full Over-allotment Option



  Realty Income Closes Common Stock Offering And Underwriters Exercise Full
                            Over-allotment Option

PR Newswire

ESCONDIDO, Calif., Oct. 25, 2013

ESCONDIDO, Calif., Oct. 25, 2013 /PRNewswire/ -- Realty Income Corporation
(Realty Income), The Monthly Dividend Company^®, (NYSE: O), announced that in
addition to the already upsized 8,500,000 share common stock offering, an
additional 1,275,000 shares were purchased by the underwriters upon the
exercise of their over-allotment option. With the full exercise of the
over-allotment option, the total shares sold in the offering, which closed
today, was 9,775,000 shares, and the total net proceeds from the offering,
after underwriting discounts and offering expenses payable by the company, is
approximately $378 million.

(Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO)

The net proceeds from the offering will be used to repay borrowings under the
company's $1.0 billion acquisition credit facility, which were, and will be,
used to fund real estate acquisitions.

All of the shares were sold by the company. The underwriters for the offering
are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, J.P. Morgan,
Jefferies, RBC Capital Markets, and UBS Investment Bank (joint book-running
managers), Baird, Citigroup, Credit Suisse, and Raymond James, (co-lead
managers), BB&T Capital Markets, Piper Jaffray and Stifel Nicolaus Weisel
(senior co-managers), and BNY Mellon Capital Markets, LLC and Ladenburg
Thalmann (co-managers). 

A copy of the prospectus supplement and the related prospectus pertaining to
the offering may be obtained from BofA Merrill Lynch, 222 Broadway, New York,
New York 10038, Attn: Prospectus Department or email
dg.prospectus_requests@baml.com; or Morgan Stanley, 180 Varick Street, 2^nd
Floor, New York, New York, 10014, Attn: Prospectus Department, telephone
1.866.718.1649 (toll-free) or email: prospectus@morganstanley.com; or Wells
Fargo Securities, Attn: Equity Syndicate Department, 375 Park Avenue, New
York, New York 10152, telephone: 1.800.326.5897 or email:
cmclientsupport@wellsfargo.com.

These securities are offered pursuant to a Registration Statement that has
become effective under the Securities Act. These securities are only offered
by means of the prospectus included in the Registration Statement and the
preliminary 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 or other
jurisdiction where the offer, solicitation, or sale of these securities would
be unlawful prior to the registration or qualification under the securities
laws of any such state or other jurisdiction.   

Forward-Looking Statements   
Statements in this press release that are not strictly historical are
"forward-looking" statements. Forward-looking statements involve known and
unknown risks, which may cause the company's actual future results to differ
materially from expected results. These risks include, among others, general
economic conditions, local real estate conditions, tenant financial health,
the availability of capital to finance planned growth, continued volatility
and uncertainty in the credit markets and broader financial markets, property
acquisitions and the timing of these acquisitions, charges for property
impairments, integration of the ARCT acquisition, and the outcome of legal
proceedings to which the company is a party, as described in the company's
filings with the Securities and Exchange Commission. Consequently,
forward-looking statements should be regarded solely as reflections of the
company's current operating plans and estimates. Actual operating results may
differ materially from what is expressed or forecast in this press release.
The company undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date these statements were made.

SOURCE Realty Income Corporation

Contact: Tere Miller, Vice President, Investor Relations & Corporate
Communications, (760) 741-2111, ext. 1177
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