Realty Income expands credit facilities to $5.5B and commercial paper programs to $5.5B

Filed July 13, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

• high

  Upsized unsecured revolving credit facilities from $4.0B to $5.5B across two tranches maturing 2029 and 2030, with accordion feature allowing expansion to $6.5B. Improved pricing to 80 bps over SOFR, down 5 bps from prior facilities.

  Item 1.01 verify on EDGAR →
• medium

  Expanded combined commercial paper programs from $3.0B to $5.5B ($2.75B U.S. program, $2.75B Euro program). U.S. notes have 360-day max maturity; Euro notes 183 days. Revolving facilities serve as liquidity backstop.

  Item 8.01 verify on EDGAR →
• medium

  Added UK and Netherlands subsidiaries as joint borrowers, enabling multicurrency borrowing across up to 15 currencies including Sterling and Euros. Current borrowing margin is 67.5 bps based on A3/A- credit ratings.

  Item 1.01 verify on EDGAR →