Realty Income Closes 12.075 Million Share Common Stock Offering
SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the closing of a 12,075,000 share public common stock offering, which includes the underwriters' option to purchase up to 1,575,000 additional shares of common stock which, as of January 13, 2021, was fully exercised. Net proceeds from the offering, including the exercised underwriters' option of 1,575,000 shares, after underwriting discounts and commissions, but before deducting other offering expenses, are approximately $669.6 million. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup.
The company intends to use net proceeds from the offering, along with available cash and additional borro...