In the News
September 30, 2008
Realty Income closes common stock offering
Realty Income Corp. said September 30 that it closed its public offering of 2,925,000 shares of common stock, including 225,000 shares purchased by the underwriters pursuant to the overallotment option.
The company said the net proceeds from the offering will be approximately $75 million.
The net proceeds are expected to be combined with available cash on hand to repay the $100 million outstanding principal amount of the company's 8.25% monthly income senior notes due in November and to repay the $20 million outstanding principal amount of the company's 8% notes due in January 2009.
Raymond James & Associates, Inc. and UBS Securities LLC acted as co-lead managers and joint book-running managers for the offering.
Robert W. Baird & Co. Inc., Credit Suisse Securities (USA) LLC, JPMorgan Securities Inc., RBC Capital Markets Corp. and Stifel Nicolaus & Co. Inc. were the senior co-managers, and Janney Montgomery Scott LLC and Morgan Keegan & Co. Inc. acted as co-managers.
