Realty Income Corporation (Realty Income, NYSE: O), announced their monthly dividend and public offering at 10,000,000 shares of the firm's common stock has been estimated at $46.88 per share, and is forecasted to almost October 7, 2015. Net gains from the offering, after funding discounts, will be around $450 million. The firm has also agreed to the 30 day option for underwriters to buy up to 1,500,000 added shares of mutual stock.
The firms anticipate employing the net gains to repay borrowings less than $2.0 billion which makes revolving credit facility unsecured revolving credit and for other primary working capital and corporate purposes, which may engage acquisitions.
The underwriters for the offering are: Barclays Capital Inc., Goldman, Sachs & Co., BB&T Capital Markets (senior co-manager), BNY Mellon Capital Markets, LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Comerica Securities, Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and UBS Investment Bank (joint book-running managers), Jefferies LLC, Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities Moelis & Company, Piper Jaffray & Co., Morgan Stanley, Ramirez & Co., Inc. (co-managers), Raymond James & Associates, Inc., RBC Capital Markets, LLC, Robert W. Baird & Co. Incorporated, Stifel, Nicolaus & Company, Incorporated (co-lead managers) and Wells Fargo Securities
In pursuant of the Securities Act, there will be a registration statement and a primary prospectus supplement associated to the offering. Although, the press release shall not have an offer to solicit or sell, nor engage any sale of any state in these securities or other jurisdiction, to any offer and securities because this would be against the law. As for the qualification or registration under other jurisdiction or the state, the firm applies no obligation to publicly announce the results of any revisions of the policy, however assures to release statements on appropriate events.
