W. P. Carey Inc. Files 8-K for Material Agreement

Ticker: WPC · Form: 8-K · Filed: 2024-05-16T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, filing

TL;DR

WP Carey signed a big deal, filing an 8-K with the SEC.

AI Summary

On May 16, 2024, W. P. Carey Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement and financial figures are not provided in this excerpt.

Why It Matters

This filing indicates a significant new agreement for W. P. Carey Inc., which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by W. P. Carey Inc. on May 16, 2024?

The provided excerpt does not specify the details of the material definitive agreement.

What financial statements and exhibits are included with this 8-K filing?

The excerpt states that financial statements and exhibits are included, but does not list their specific contents.

What is W. P. Carey Inc.'s state of incorporation and IRS Employer Identification Number?

W. P. Carey Inc. is incorporated in Maryland and its IRS Employer Identification Number is 45-4549771.

Where is W. P. Carey Inc.'s principal executive office located?

W. P. Carey Inc.'s business address is One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY 10001.

Has W. P. Carey Inc. had previous company names?

Yes, W. P. Carey Inc. was formerly known as W P Carey & Co LLC (name change July 22, 2011), Carey W P & Co LLC (name change November 16, 2000), and Carey Diversified LLC (name change October 17, 1997).

Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 8.2 · Accepted 2024-05-16 16:10:20

Key Financial Figures

Filing Documents

01. Entry into a Material

Item 1.01. Entry into a Material Definitive Agreement. On May 16, 2024, W. P. Carey Inc. (the " Company ") consummated the public offering (the " Offering ") of 650 million aggregate principal amount of 4.250% Senior Notes due 2032 (the " Senior Notes "). The Offering settled on May 16, 2024 and was made pursuant to (i) the Company's automatic shelf registration statement on Form S-3 (File No. 333-264613), filed with the Securities and Exchange Commission on May 2, 2022; and (ii) a final prospectus supplement relating to the Senior Notes, dated as of May 9, 2024. The Company intends to use the net proceeds from this Offering for general corporate purposes and to repay indebtedness including repayment of amounts outstanding under its $2.0 billion unsecured revolving credit facility and the 500 million aggregate principal outstanding of 2.25% Senior Notes due July 2024. The foregoing description of the Senior Notes in this Current Report on Form 8-K does not purport to be complete, and is qualified in its entirety by reference to Exhibit 4.1 to this Current Report on Form 8-K , which is incorporated herein by reference. Ninth Supplemental Indenture The terms of the Senior Notes are governed by an indenture, dated as of March 14, 2014 (the " Base Indenture "), by and between the Company, as issuer, and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank, National Association, as trustee (the " Trustee "), as supplemented by the Ninth Supplemental Indenture dated as of May 16, 2024 (the " Ninth Supplemental Indenture "), by and between the Company and the Trustee. The foregoing descriptions of the Base Indenture and the Ninth Supplemental Indenture in this Current Report on Form 8-K do not purport to be complete, and are qualified in their entirety by reference to Exhibits 4.2 and 4.3, respectively, to this Current Report on Form 8-K, which are incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Form of Note representing 650 Million Aggregate Principal Amount of 4.250% Senior Notes due 2032 (contained in Exhibit 4.3). 4.2 Indenture dated as of March 14, 2014, by and between W. P. Carey Inc., as issuer, and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on March 14, 2014). 4.3 Ninth Supplemental Indenture dated as of May 16, 2024, by and between W. P. Carey Inc., as issuer, and U.S. Bank Trust Company, National Association, as trustee. 5.1 Opinion of Hogan Lovells US LLP. 23.1 Consent of Hogan Lovells US LLP (contained in Exhibit 5.1). 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: May 16, 2024 W. P. Carey Inc. By: /s/ ToniAnn Sanzone ToniAnn Sanzone Chief Financial Officer

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