$O (REALTY INCOME) — 8-K: Realty Income closes $1.0 billion 3.750% convertible senior notes due 2031

Realty Income completed its private offering of $1.0 billion aggregate principal amount of 3.750% convertible senior notes due 2031, including full exercise of the $125.0 million additional notes option. Net proceeds were approximately $981.9 million after discounts, commissions, and estimated offering expenses. The company used approximately $33.2 million of net proceeds for capped call transactions and approximately $188.7 million to repurchase about 3.0 million shares of common stock. The capped call transactions had an initial cap price of approximately $83.55 per share, a premium of about 35.0% over the August 11, 2026 closing price of $61.89.

Realty Income completed its private offering of $1.0 billion aggregate principal amount of 3.750% convertible senior notes due 2031, including full exercise of the $125.0 million additional notes opti