Realty Income expanded and extended its liquidity by entering a Fifth Amended and Restated Credit Agreement providing $5.5 billion in unsecured multicurrency revolving facilities, split into two $2.75 billion tranches maturing in 2029 and 2030 with two six-month extension options each and an accordion up to $6.5 billion. The agreement adds UK and Netherlands subsidiaries as joint borrowers and allows borrowing in up to 15 currencies, with pricing tied to SONIA, EURIBOR, or SOFR plus a 0.675% margin and a 0.125% commitment fee based on current ratings. In connection with the new facilities, the company terminated and replaced its April 29, 2025 Prior Credit Agreement; no termination fees were disclosed.
New agreement details:
- Agreement type: Unsecured multicurrency revolving credit facilities
- Counterparty: Wells Fargo Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 10 2026 / same
- Duration / Termination: To Apr 29 2029 and Jul 10 2030; two 6-month extensions each
- Reason: Increase liquidity and add multicurrency flexibility
Terminated agreement details:
- Agreement terminated: Fourth Amended and Restated Credit Agreement
- Counterparty: Wells Fargo Bank, as Administrative Agent, and other lenders
- Original agreement date: Apr 29 2025
- Termination date: Jul 10 2026
- Termination type: mutual
- Exit fees / payments: None
- Reason: Replaced with larger, extended revolving credit facilities
Original SEC Filing:
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