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Realty Income plans notes offering

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Realty Income plans notes offering

Realty Income Corp. is offering an undisclosed amount of notes due 2025.

The single-tenant net-lease real estate investment trust said it plans to use the net proceeds to partially repay outstanding borrowings under its $2.0 billion revolving credit facility. The remaining funds will be used to finance potential investment opportunities and other general business purposes.

Citigroup, Barclays, BNY Mellon Capital Markets LLC, Mizuho Securities, RBC Capital Markets and US Bancorp are the joint book-running managers for the offering.