Item 1.01. Entry into a Material Definitive Agreement. Underwriting Agreement
On
The Senior Notes are being issued pursuant to (i) the Company's automatic shelf
registration statement on Form S-3ASR (Registration No. 333-233159), including
the related prospectus dated
The Company intends to fully allocate an amount equal to the net proceeds from the Offering to the financing and refinancing, in whole or in part, of one or more recently completed or future eligible green projects in the categories outlined in the Company's Green Financing Framework, which is designed to align with the International Capital Markets Association Green Bond Principles 2021. Pending such allocation, the Company may use the net proceeds from the sale of the Senior Notes for the redemption or repayment of certain indebtedness or hold net proceeds in cash, cash equivalents and/or marketable securities, all in accordance with the Company's cash management policy. Net proceeds allocated to previously incurred costs associated with eligible green projects will be available for the repayment of debt or other current uses.
The Underwriting Agreement contains customary representations, warranties and covenants of the Company, as well as certain customary indemnification provisions with respect to the Company and the Underwriters relating to certain losses or damages arising out of or in connection with the consummation of the Offering.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by the full text of the Underwriting Agreement, which is being filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01. Other Events.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 1.1 Underwriting Agreement, datedOctober 5, 2021 , by and amongW. P. Carey Inc. , andJ.P. Morgan Securities LLC ,RBC Capital Markets, LLC ,U.S. Bancorp Investments, Inc. andWells Fargo Securities, LLC , as representatives of the several underwriters listed in Schedule 1 thereto. 99.1 Pricing Press Release, datedOctober 5, 2021 , issued byW. P. Carey Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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