The company plans to allocate the net proceeds primarily toward retiring its existing 4.250% senior notes that mature in October 2026. Remaining capital will support general corporate activities, including funding new investments and reducing outstanding balances on the firm's unsecured revolving credit facility. Interest payments on the new debt will commence on March 15, 2027, occurring semi-annually thereafter.
W. P. Carey Prices $350 Million Debt Offering to Refinance Maturity
W. P. Carey Inc. has priced an underwritten public offering of $350 million in senior unsecured notes due 2036. The notes, carrying a 5.200% interest rate, were offered at 99.015% of their principal amount, with the transaction expected to settle on July 2, 2026, pending standard closing conditions.
Wells Fargo Securities, RBC Capital Markets, U.S. Bancorp Investments, and BBVA Securities served as joint book-running managers for the offering. The securities were issued under an effective registration statement filed with the Securities and Exchange Commission, with full details available through the company’s official prospectus.
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