Realty Income Prices a $150 Million Re-Opening Offering of Senior Unsecured Bonds Due 2035

Realty Income Corporation (Realty Income), The Monthly Dividend Company®, O, today announced the pricing of an additional $150 million of its unsecured 5-7∕8% senior bonds due 2035. The original offering of $100 million of the 2035 senior unsecured bonds was priced in 2005 and, with this re-opening offering of $150 million, the total principal amount of bonds outstanding due in 2035 will be $250 million. The newly issued unsecured bonds were priced at 94.578% of their principal amount, for an effective yield to maturity of 6.318%. All $250 million of the bonds will have a coupon of 5-7∕8%, will trade interchangeably as a single series, and will mature on March 15, 2035. These securities are expected to be rated BBB+ by Fitch Ratings, Baa1 by Moody's Investors Service and BBB by Standard & Poor's Ratings Group. The net proceeds from the offering will be used to fund property acquisitions, and any remaining net proceeds will be used for other general corporate purposes.