Realty Income Secures Major British Pound Financing

Realty Income, the prominent US real estate investment trust, has finalized a substantial new credit facility denominated in British pounds. This strategic financial maneuver is generating discussion among investors, who are weighing the benefits of proactive debt management against the backdrop of the company’s significant existing leverage.

The company has obtained an unsecured loan facility totaling £900 million, which is equivalent to approximately $1.16 billion. This new financing is set to mature in January 2028 and includes a provision for a one-year extension. Realty Income has locked in an annual interest rate of 4.3% by utilizing swaps, calculated as an 80-basis-point spread above the Sterling Overnight Index Average (SONIA).

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