W. P. Carey (WPC) said Monday it priced a $350 million offering of 5.200% Senior Notes due 2036 at 99.015% of principal, with the deal expected to settle July 2.
The company said it intends to use proceeds to repay $350 million of 4.250% Senior Notes due October 2026, with the remainder for general corporate purposes including potential investments and revolving credit facility repayment.
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