trending Market Intelligence /marketintelligence/en/news-insights/trending/sZRxXQYh_vfX-MPd1ZGS7g2 content esgSubNav
In This List

VEREIT unit prices $600M debt offering

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations

Blog

Middle East & Africa M&A by the Numbers: Q1 2022


VEREIT unit prices $600M debt offering

VEREIT Inc.'s operating partnership priced a $600 million offering of 3.950% senior notes due 2027.

The senior unsecured notes will be issued at a price equal to 99.330% of par value.

The operating partnership plans to use about $504.6 million of the net proceeds to repay borrowings under its $500 million term loan, with the remaining funds going toward general corporate purposes.

J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Wells Fargo Securities LLC, Barclays Capital Inc., Capital One Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and U.S. Bancorp Investments Inc. are the joint book-running managers for the offering, which is slated to close Aug. 11.

Regions Securities LLC, SMBC Nikko Securities America Inc., Mizuho Securities USA LLC, KeyBanc Capital Markets Inc., Comerica Securities Inc. and TD Securities (USA) LLC are the co-managers.