Realty IncomeCorp. plans an offering of an undisclosed amount of its notes due2027.
The notes, which will bear interest starting in 2017, will bethe company's senior unsecured obligations, according to a preliminaryprospectus supplement.
The company aims to use the net proceeds to repay borrowingsoutstanding under its $2.0billion revolving credit facility. Any remaining funds will gotoward potential investment opportunities and/or other general corporatepurposes.
Citigroup, Barclays, BNY Mellon Capital Markets LLC, GoldmanSachs & Co., US Bancorp, BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, RBCCapital Markets, Regions Securities LLC, Wells Fargo Securities and UBSInvestment Bank are the joint book-running managers.