BRIEF-Realty Income Prices $750 Million Offering Of Senior Unsecured Notes

BY Reuters | CORPORATE | 10/03/22 08:25 PM EDT

Oct 3 (Reuters) - Realty Income Corp:

* REALTY INCOME PRICES $750 MILLION OFFERING OF SENIOR UNSECURED NOTES

* ANNOUNCED PRICING OF A PUBLIC OFFERING OF $750 MILLION OF 5.625% SENIOR UNSECURED NOTES DUE OCTOBER 13, 2032

* PUBLIC OFFERING PRICE FOR NOTES WAS 99.879% OF PRINCIPAL AMOUNT FOR AN EFFECTIVE SEMI-ANNUAL YIELD TO MATURITY OF 5.641%

* REALTY INCOME- ALSO EXECUTED $600 MILLION U.S. DOLLAR-TO-EURO 10-YEAR CROSS CURRENCY SWAP, RESULTING IN AN ANTICIPATED RECEIPT OF APPROX EUR 612 MILLION

* REALTY INCOME- TERMINATED FORWARD STARTING INTEREST RATE SWAPS TOTALING $500 MILLION, RECOGNIZING A CASH SETTLEMENT GAIN OF APPROXIMATELY $72 MILLION Source text for Eikon: Further company coverage:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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