Item 8.01 Other Events
On August 21, 2020, Realty Income Corporation (the "Company") issued a press
release announcing that it has established a U.S. dollar-denominated unsecured
commercial paper program.
Under the terms of the program, the Company may issue from time to time
unsecured commercial paper notes up to a maximum aggregate amount outstanding of
$1.0 billion. The notes will be sold under customary terms in the United States
commercial paper note market and will rank pari passu with all of the Company's
other unsecured senior indebtedness, including the Company's outstanding senior
notes and borrowings under the Company's revolving credit facility. Note
proceeds will be used for general corporate purposes. The Company expects to use
its $3.0 billion revolving credit facility as a liquidity backstop for the
repayment of the notes issued under the commercial paper program.
The notes to be offered under the commercial paper note program have not been
and will not be registered under the Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements. The information contained in this
Current Report on Form 8-K shall not constitute an offer to sell or the
solicitation of an offer to buy the notes under the Company's commercial paper
note program.
A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press release dated August 21 , 2020
104 The Form 8-K cover page, formatted in Inline Extensible Business Reporting
Language and included as Exhibit 101
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses