W. P. Carey Inc. Files 8-K: Material Agreement & Financials
Ticker: WPC · Form: 8-K · Filed: 2024-11-19T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, financial-statements, 8-k
TL;DR
WP Carey filed an 8-K for a material agreement and financials - big news coming.
AI Summary
On November 19, 2024, W. P. Carey Inc. filed an 8-K report detailing a material definitive agreement and financial statements. The filing indicates a significant corporate event, though specific details of the agreement and financial figures are not immediately available in this excerpt.
Why It Matters
This filing signals a significant corporate action or financial event for W. P. Carey Inc., which could impact its real estate investment trust operations and investor value.
Risk Assessment
Risk Level: medium — The filing of an 8-K for a material definitive agreement and financial statements suggests a significant event that could lead to market volatility.
Key Players & Entities
- W. P. Carey Inc. (company) — Registrant
- November 19, 2024 (date) — Date of earliest event reported
- 001-13779 (other) — Commission File Number
- 45-4549771 (other) — IRS Employer Identification No.
FAQ
What is the nature of the material definitive agreement filed by W. P. Carey Inc.?
The provided excerpt does not specify the details of the material definitive agreement, only that it was entered into and reported on November 19, 2024.
What specific financial statements are included in this 8-K filing?
The excerpt indicates that financial statements are part of the filing, but does not list the specific types of statements included.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 19, 2024.
What is W. P. Carey Inc.'s Commission File Number?
W. P. Carey Inc.'s Commission File Number is 001-13779.
What is W. P. Carey Inc.'s IRS Employer Identification Number?
W. P. Carey Inc.'s IRS Employer Identification Number is 45-4549771.
Filing Stats: 1,050 words · 4 min read · ~4 pages · Grade level 9.5 · Accepted 2024-11-19 16:15:27
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value WPC New York Stock Exchan
- $450 million — it facility and all or a portion of its $450 million in aggregate principal amount outstandi
Filing Documents
- tm2428790d1_8k.htm (8-K) — 32KB
- tm2428790d1_ex4-3.htm (EX-4.3) — 225KB
- tm2428790d1_ex5-1.htm (EX-5.1) — 16KB
- tm2428790d1_8kimg005.jpg (GRAPHIC) — 12KB
- tm2428790d1_ex5-1img003.jpg (GRAPHIC) — 4KB
- 0001104659-24-120570.txt ( ) — 535KB
- wpc-20241119.xsd (EX-101.SCH) — 3KB
- wpc-20241119_lab.xml (EX-101.LAB) — 33KB
- wpc-20241119_pre.xml (EX-101.PRE) — 22KB
- tm2428790d1_8k_htm.xml (XML) — 4KB
01. Entry into a Material
Item 1.01. Entry into a Material Definitive Agreement. On November 19, 2024, W. P. Carey Inc. (the " Company ") consummated the public offering (the " Offering ") of 600 million aggregate principal amount of 3.700% Senior Notes due 2034 (the " Senior Notes "). The Offering settled on November 19, 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 November 14, 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, including amounts outstanding under its unsecured revolving credit facility and all or a portion of its $450 million in aggregate principal amount outstanding under its 4.00% Senior Notes due February 2025. 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 Eleventh Supplemental Indenture dated as of November 19, 2024 (the " Eleventh Supplemental Indenture " and together with the Base Indenture, the " Indenture "), by and between the Company and the Trustee. The Senior Notes bear interest at 3.700% per annum, accruing from November 19, 2024. Interest on the Senior Notes is payable annually on November 19 of each year, commencing on November 19, 2025. The Senior Notes will mature on November 19, 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 u
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Form of Note representing 600 Million Aggregate Principal Amount of 3.700% 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 Eleventh Supplemental Indenture dated as of November 19, 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:November 19, 2024 W. P. Carey Inc. By: /s/ ToniAnn Sanzone ToniAnn Sanzone Chief Financial Officer