Realty Income Files 8-K on Financial Instruments
Ticker: O · Form: 8-K · Filed: 2024-08-26T00:00:00.000Z
Sentiment: neutral
Topics: debt, equity, financial-instruments
TL;DR
Realty Income dropped an 8-K detailing its debt and preferred stock – check the maturity dates and rates.
AI Summary
On August 26, 2024, Realty Income Corp. filed an 8-K report detailing various financial instruments, including common stock and several series of preferred stock and notes with varying interest rates and maturity dates. The filing also includes exhibits related to these financial matters.
Why It Matters
This filing provides investors with updated details on Realty Income's capital structure, including outstanding debt and equity, which is crucial for assessing the company's financial health and risk.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.
Key Numbers
- 0.01 — Par Value of Common Stock (Indicates the nominal value per share of common stock.)
- 1.125% — Interest Rate on Notes Due 2027 (Specific debt instrument detail.)
- 6.000% — Interest Rate on Notes Due 2039 (Specific debt instrument detail.)
Key Players & Entities
- Realty Income Corp. (company) — Filer of the 8-K report
- August 26, 2024 (date) — Date of the earliest event reported
- 11995 EL CAMINO REAL, SAN DIEGO, CA 92130 (address) — Company's business and mailing address
FAQ
What specific types of financial instruments are detailed in this 8-K filing?
The filing details common stock, Series 6 Cumulative Redeemable Preferred Stock, and various notes including those due in 2027, 2030, 2033, 2034, 2039, and 2042 with different interest rates.
What is the par value of Realty Income Corp.'s common stock?
The par value of Realty Income Corp.'s common stock is $0.01.
What is the earliest event date reported in this 8-K?
The earliest event date reported in this 8-K is August 26, 2024.
Where is Realty Income Corp. located?
Realty Income Corp. is located at 11995 El Camino Real, San Diego, CA 92130.
What is the filing date of this 8-K report?
This 8-K report was filed on August 26, 2024.
Filing Stats: 688 words · 3 min read · ~2 pages · Grade level 8.9 · Accepted 2024-08-26 16:23:59
Key Financial Figures
- $0.01 — e On Which Registered Common Stock, $0.01 Par Value O New York Stock Exchange
- $500,000,000 — (the "Company") closed its offering of $500,000,000 aggregate principal amount of its 5.375
Filing Documents
- tm2422587d1_8k.htm (8-K) — 45KB
- tm2422587d1_ex4-3.htm (EX-4.3) — 105KB
- tm2422587d1_ex5-1.htm (EX-5.1) — 18KB
- tm2422587d1_ex5-2.htm (EX-5.2) — 20KB
- tm2422587d1_ex5-1img01.jpg (GRAPHIC) — 40KB
- tm2422587d1_ex5-1img02.jpg (GRAPHIC) — 20KB
- tm2422587d1_ex5-2img001.jpg (GRAPHIC) — 8KB
- tm2422587d1_ex5-2img002.jpg (GRAPHIC) — 4KB
- 0001104659-24-092884.txt ( ) — 580KB
- o-20240826.xsd (EX-101.SCH) — 5KB
- o-20240826_def.xml (EX-101.DEF) — 29KB
- o-20240826_lab.xml (EX-101.LAB) — 40KB
- o-20240826_pre.xml (EX-101.PRE) — 28KB
- tm2422587d1_8k_htm.xml (XML) — 12KB
01 Other Events
Item 8.01 Other Events On August 26, 2024, Realty Income Corporation (the "Company") closed its offering of $500,000,000 aggregate principal amount of its 5.375% Notes due 2054, pursuant to a purchase agreement dated August 19, 2024 entered into by and among the Company, Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the underwriters.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 4.1 Indenture dated as of October 28, 1998 between the Company and The Bank of New York Mellon Trust Company, N.A. as successor trustee (filed as exhibit 4.1 to the Company's Form 8-K, filed on October 28, 1998 and dated October 27, 1998 and incorporated herein by reference). 4.2 Form of 5.375% Note due 2054 issued on August 26, 2024 (contained in Exhibit 4.3 hereto). 4.3 Officers' Certificate dated August 26, 2024 pursuant to Sections 201, 301 and 303 of the Indenture dated as of October 28, 1998 between the Company and The Bank of New York Mellon Trust Company, N.A., as successor trustee, establishing the terms of a new series of debt securities entitled "5.375% Notes due 2054" and including the form of debt security. 5.1 Opinion of Venable LLP. 5.2 Opinion of Latham & Watkins LLP. 23.1 Consent of Venable LLP (contained in the opinion filed as Exhibit 5.1 hereto). 23.2 Consent of Latham & Watkins (contained in the opinion filed as Exhibit 5.2 hereto). 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) SIGNATURE 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 hereunto duly authorized. Dated: August 26, 2024 REALTY INCOME CORPORATION By: /s/ Bianca Martinez Bianca Martinez Senior Vice President, Associate General Counsel and Assistant Secretary