W. P. Carey Inc. Enters Material Definitive Agreement

TL;DR

WP Carey signed a big deal, filing shows.

AI Summary

On June 28, 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, incorporated in Maryland with its principal office in New York, is a Real Estate Investment Trust.

Why It Matters

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

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts, carrying inherent business risks.

Key Players & Entities

• W. P. Carey Inc. (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• New York (location) — Business address city
• June 28, 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
• $400 Million — ption 4.1 Form of Note representing $400 Million Aggregate Principal Amount of 5.375% Se

Filing Documents

• tm2418502d1_8k.htm (8-K) — 33KB
• tm2418502d1_ex4-3.htm (EX-4.3) — 162KB
• tm2418502d1_ex5-1.htm (EX-5.1) — 16KB
• tm2418502d1_8kimg001.jpg (GRAPHIC) — 3KB
• tm2418502d1_ex5-1img001.jpg (GRAPHIC) — 4KB
• 0001104659-24-076288.txt ( ) — 436KB
• wpc-20240628.xsd (EX-101.SCH) — 3KB
• wpc-20240628_lab.xml (EX-101.LAB) — 33KB
• wpc-20240628_pre.xml (EX-101.PRE) — 22KB
• tm2418502d1_8k_htm.xml (XML) — 4KB

01. Entry into a Material

Item 1.01. Entry into a Material Definitive Agreement. On June 28, 2024, W. P. Carey Inc. (the " Company ") consummated the public offering (the " Offering ") of $400 million aggregate principal amount of 5.375% Senior Notes due 2034 (the " Senior Notes "). The Offering settled on June 28, 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 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 certain indebtedness. 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 Tenth Supplemental Indenture dated as of June 28, 2024 (the " Tenth Supplemental Indenture " and together with the Base Indenture, the " Indenture "), by and between the Company and the Trustee. The Senior Notes bear interest at 5.375% per annum, accruing from June 28, 2024. Interest on the Senior Notes is payable semi-annually on June 30 and December 30 of each year, commencing on December 30, 2024. The Senior Notes will mature on June 30, 2034. The Senior Notes are the Company's direct, unsecured and unsubordinated obligations and will rank equally in right of payment with all of the Company's existing and future unsecured and unsubordinated indebtedness. The Company may redeem the Senior Notes at any time in whole, or from time to time in part, at the make-whole redemption price specified in the Tenth Supplemental Indenture. If the Senior Not

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Form of Note representing $400 Million Aggregate Principal Amount of 5.375% Senior Notes due 2034 (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 Tenth Supplemental Indenture dated as of June 28, 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: June 28, 2024 W. P. Carey Inc. By: /s/ ToniAnn Sanzone ToniAnn Sanzone Chief Financial Officer