Realty Income Prices 10M Share Offering @$46,88/Share

Realty Income Corporation (Realty Income, NYSE: O) announced Thursday, that a public offering of 10,000,000 shares of the company's common stock has been priced at a public offering price of $46.88 per share, and is expected to close October 7, 2015. Net proceeds from the offering, after underwriting discounts, will be approximately $450 million. The company has also granted the underwriters a 30-day option to purchase up to 1,500,000 additional shares of common stock. The company expects to use the net proceeds from the offering to repay borrowings under its $2.0 billion unsecured revolving credit facility and for other general corporate purposes and working capital, which may include acquisitions. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, RBC Capital Markets, LLC, Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, and UBS Investment Bank (joint book-running managers), Robert W. Baird & Co. Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Jefferies LLC, Mizuho Securities, Raymond James & Associates, Inc., and Stifel, Nicolaus & Company, Incorporated (co-lead managers), BB&T Capital Markets (senior co-manager), and BNY Mellon Capital Markets, LLC, Comerica Securities, Inc., See full press release