W. P. Carey Inc. Enters Material Definitive Agreement

TL;DR

WP Carey signed a big deal, filing includes financials.

AI Summary

On June 18, 2024, W. P. Carey Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is a Real Estate Investment Trust incorporated in Maryland.

Why It Matters

This filing indicates a significant new contract or transaction for W. P. Carey Inc., which could impact its financial performance and future operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• W. P. Carey Inc. (company) — Registrant
• Maryland (location) — State of incorporation
• June 18, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 Par Value WPC New York Stock Exchan
• $400 million — e public offering (the " Offering ") of $400 million aggregate principal amount of 5.375% Se

Filing Documents

• tm2417391d4_8k.htm (8-K) — 29KB
• tm2417391d4_ex1-1.htm (EX-1.1) — 210KB
• tm2417391d4_8kimg001.jpg (GRAPHIC) — 12KB
• 0001104659-24-073421.txt ( ) — 488KB
• wpc-20240618.xsd (EX-101.SCH) — 3KB
• wpc-20240618_lab.xml (EX-101.LAB) — 33KB
• wpc-20240618_pre.xml (EX-101.PRE) — 22KB
• tm2417391d4_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. On June 18, 2024, W. P. Carey Inc. (the " Company ") entered into an underwriting agreement (the " Underwriting Agreement ") with BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc. as representatives of the several underwriters listed in Schedule 1 to the Underwriting Agreement (collectively, the " Underwriters "), in connection with the public offering (the " Offering ") of $400 million aggregate principal amount of 5.375% Senior Notes due 2034 (the " Senior Notes "), issued by the Company. The Offering is expected to settle on June 28, 2024, subject to customary closing conditions. The Offering is being made pursuant to (i) the Company's automatic shelf registration statement on Form S-3ASR (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 June 18, 2024. The Company intends to use the net proceeds from this Offering for general corporate purposes, including to fund potential future investments (including acquisitions and development and redevelopment activities) and to repay indebtedness. 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.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 1.1

Underwriting

Underwriting Agreement dated June 18, 2024, by and among BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc. as representatives of the several underwriters listed in Schedule 1 thereto. 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. June 20, 2024 W. P. Carey Inc. By: /s/ ToniAnn Sanzone ToniAnn Sanzone Chief Financial Officer