Realty Income raises ~$845M from stock offering

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

Realty Income (NYSE:O) says underwriters of its recent 11M-share common stock offering exercised their option to buy an additional 1.65M shares.

Brings net proceeds of the entire offering to ~$845M.

Plans to use proceeds to repay all or part of the borrowings outstanding under its $3.0B revolving credit facility, and any proceeds not used for that purpose will fund potential investment opportunities and/or other general corporate purposes.

Previously: Realty Income nets ~$735M from stock offering (May. 09 2019)

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