Realty Income upsizes secondary to 8.5M shares

|About: Realty Income Corporation (O)|By:, SA News Editor

The Monthly Dividend Company (O) is off 1.8% premarket to $40.50 after upsizing its secondary by 2M shares and pricing the offering at $40.63. Net proceeds will be about $329M.

The cash will go towards paying down the company credit line until the funds are needed for new acquisitions.