W. P. Carey Inc. announced on July 7, 2025, the pricing of an underwritten public offering of $400 million aggregate principal amount of 4.650% Senior Notes due 2030. The Notes were offered at 99.088% of the principal amount. Interest on these notes will be paid semi-annually, beginning on January 15, 2026.
The offering is expected to settle on July 10, 2025, subject to customary closing conditions. The company intends to use the net proceeds from this offering to repay certain indebtedness. This includes a portion of amounts outstanding under its $2.0 billion unsecured revolving credit facility, as well as for other general corporate purposes.
This financing move enhances W. P. Carey's liquidity and provides capital for debt management and potential future investments. Securing $400 million at a fixed rate of 4.650% for a five-year term demonstrates the company's continued access to capital markets and its proactive approach to managing its debt profile.
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