RTTNews | Jun 30, 2021 10:10PM EDT

22:10 Wednesday, June 30, 2021 (RTTNews.com) - Realty Income Corporation (O) said that it has priced an underwritten public offering of 8 million shares of the company's common stock for expected gross proceeds of about $519 million. The offering is expected to close on July 6, 2021.

The underwriters of the offering have been granted a 30-day option to purchase up to 1.20 million additional shares of common stock.

The company plans to use net proceeds from the offering to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes.

Read the original article on RTTNews ( https://www.rttnews.com/3206180/realty-income-announces-pricing-of-upsized-8-0-mln-shares-for-expected-proceeds-of-about-519-mln.aspx)

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