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W. P. Carey closes €500M debt offering

W. P. Carey Inc. closed a €500 million offering of 2.250% senior notes due April 9, 2026.

The diversified real estate investment trust's WPC Eurobond BV unit issued the notes in an underwritten public offering.

Interest on the notes will be paid annually April 9, starting April 9, 2019.

The company will use the net proceeds to decrease amounts outstanding under its unsecured revolving credit facility, among other general corporate purposes.