Summary by Futu AI
On January 8, 2024, Realty Income Corporation, a real estate investment trust based in Maryland, filed a Form 8-K with the U.S. Securities and Exchange Commission. The company announced a purchase agreement with a consortium of underwriters led by Wells Fargo Securities, LLC, and including BBVA Securities Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, and TD Securities (USA) LLC. Under the agreement, Realty Income Corporation will issue and sell $450 million of 4.750% Notes due 2029 and $800 million of 5.125% Notes due 2034 to the underwriters. The offering is expected to close on January 16, 2024, subject to customary closing conditions. The report also contains forward-looking statements regarding the company's business strategies, operations, and the anticipated impact of a proposed merger with Spirit Realty Capital, Inc. The company cautions that these statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.