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W. P. Carey completes €500M debt offering

W. P. Carey Inc. closed an underwritten public offering of €500.0 million of 2.125% senior notes due 2027.

The notes were issued by the company's WPC Eurobond BV unit.

The net lease real estate investment trust plans to use the net proceeds for general corporate purposes such as reducing amounts outstanding under its senior unsecured credit facility, including the unsecured revolving credit facility and term loans, and repaying forthcoming secured mortgage debt.

Merrill Lynch International, Barclays Bank PLC, Wells Fargo Securities International Ltd., Capital One Securities Inc., PNC Capital Markets LLC, Regions Securities LLC, Stifel Nicolaus Europe Ltd., BNY Mellon Capital Markets LLC and Scotiabank Europe plc were the underwriters.