Realty Income Announces Results Of Early Participation In Exchange Offers And Consent Solicitations
SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that, as of 5:00 p.m., New York City time, on October 22, 2021 (the “Early Consent Date”), the aggregate principal amounts of each series of notes listed in the table below (collectively, the “VEREIT Notes”) previously issued by VEREIT Operating Partnership, L.P., had been validly tendered and not validly withdrawn in connection with Realty Income’s previously announced offers to exchange all validly tendered and accepted VEREIT Notes of each such series for notes to be issued by Realty Income (collectively, the “Realty Notes”), and the related solicitation of consents from holders of the VEREIT Notes to amend the indenture governing the VEREIT Notes to, among other things, eliminate substantially all of the restrictive covenants in such indenture. Accordingly, holders of VEREIT Notes who validly tender such notes after the Early Consent Date and at or before the Expiration Date (which is 11:59 p.m., New York City Time, November 5, 2021, unless extended) will not receive the early participation premium, which is equal to $30 principal amount of Realty Notes. In addition, a Registration Statement on Form S-4 (File No. 333-260165) (the “Registration Statement”) relating to the issuance of the Realty Notes was filed with the Securities and Exchange Commission (“SEC”) on October 8, 2021, and was declared effective by the SEC on October 22, 2021.
NOTE: This is NOT the complete release. CLICK to view the entire release.