[8-K] W.P. Carey Inc. (REIT) Reports Material Event
On 7 July 2025, W. P. Carey Inc. (NYSE: WPC) entered into an underwriting agreement with Wells Fargo Securities, BofA Securities and Scotia Capital (USA) Inc. for a public offering of $400 million aggregate principal amount of 4.650% Senior Notes due 2030. The notes are expected to settle on 10 July 2025 under the company鈥檚 automatic shelf registration (File No. 333-286885).
The company will apply the net proceeds to repay a portion of borrowings outstanding under its $2.0 billion unsecured revolving credit facility and for other general corporate purposes. The underwriting agreement contains customary representations, warranties, covenants and indemnification provisions. A pricing press release was simultaneously issued (Exhibit 99.1).
- Issue Size: $400 million
- Coupon: 4.650%
- Maturity: 2030
- Expected Closing: 10 July 2025
- Use of Proceeds: Debt repayment & general corporate
No earnings figures or other financial performance data were disclosed in this Form 8-K.
Il 7 luglio 2025, W. P. Carey Inc. (NYSE: WPC) ha stipulato un accordo di sottoscrizione con Wells Fargo Securities, BofA Securities e Scotia Capital (USA) Inc. per un'offerta pubblica di 400 milioni di dollari di importo nominale complessivo di Obbligazioni Senior al 4,650% con scadenza 2030. Si prevede che le obbligazioni saranno regolate il 10 luglio 2025 nell'ambito della registrazione automatica della societ脿 (File No. 333-286885).
La societ脿 utilizzer脿 i proventi netti per rimborsare una parte dei prestiti in essere nell'ambito della sua linea di credito revolving non garantita da 2,0 miliardi di dollari e per altri scopi aziendali generali. L'accordo di sottoscrizione include consuete dichiarazioni, garanzie, patti e clausole di indennizzo. Contestualmente 猫 stato pubblicato un comunicato stampa relativo al prezzo (Allegato 99.1).
- Dimensione dell鈥檈missione: 400 milioni di dollari
- Coupon: 4,650%
- Scadenza: 2030
- Chiusura prevista: 10 luglio 2025
- Utilizzo dei proventi: Rimborso debito e scopi aziendali generali
In questo modulo 8-K non sono stati divulgati dati relativi agli utili o altre informazioni finanziarie.
El 7 de julio de 2025, W. P. Carey Inc. (NYSE: WPC) firm贸 un acuerdo de suscripci贸n con Wells Fargo Securities, BofA Securities y Scotia Capital (USA) Inc. para una oferta p煤blica de un monto principal agregado de 400 millones de d贸lares en Notas Senior al 4,650% con vencimiento en 2030. Se espera que las notas se liquiden el 10 de julio de 2025 bajo el registro autom谩tico de la compa帽铆a (Archivo No. 333-286885).
La compa帽铆a aplicar谩 los ingresos netos para pagar una parte de los pr茅stamos pendientes bajo su l铆nea de cr茅dito revolvente no garantizada de 2.000 millones de d贸lares y para otros fines corporativos generales. El acuerdo de suscripci贸n contiene representaciones, garant铆as, convenios y cl谩usulas de indemnizaci贸n habituales. Se emiti贸 simult谩neamente un comunicado de prensa sobre el precio (Exhibici贸n 99.1).
- Tama帽o de la emisi贸n: 400 millones de d贸lares
- Cupones: 4,650%
- Vencimiento: 2030
- Cierre esperado: 10 de julio de 2025
- Uso de los ingresos: Pago de deuda y fines corporativos generales
En este formulario 8-K no se divulgaron cifras de ganancias ni otros datos de desempe帽o financiero.
2025雲� 7鞗� 7鞚�, W. P. Carey Inc. (NYSE: WPC)電� Wells Fargo Securities, BofA Securities 氚� Scotia Capital (USA) Inc.鞕� 頃粯 4.650% 靹犾垳鞙� 毂勱秾 4鞏� 雼煬 攴滊鞚� 瓿店皽 氚滍枆鞚� 鞙勴暅 鞚胳垬 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 頃措嫻 毂勱秾鞚� 須岇偓鞚� 鞛愲彊 霌彪 靹犽皹(韺岇澕 氩堩樃 333-286885)鞐� 霐半澕 2025雲� 7鞗� 10鞚检棎 瓴办牅霅� 鞓堨爼鞛呺媹雼�.
須岇偓電� 靾滌垬鞚奠潉 20鞏� 雼煬 氍措嫶氤� 毽臣牍� 鞁犾毄 鞁滌劋 雮� 氙胳儊頇� 彀瀰旮� 鞚茧秬 靸來櫂 氚� 旮绊儉 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄頃� 鞓堨爼鞛呺媹雼�. 鞚胳垬 瓿勳暯鞐愲姅 鞚茧皹鞝侅澑 歆勳垹, 氤挫, 鞎届爼 氚� 氅挫眳 臁绊暛鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 霃欖嫓鞐� 臧�瓴� 甏�霠� 氤措弰鞛愲臧� 氚滍憸霅橃棃鞀惦媹雼�(觳秬氍胳劀 99.1).
- 氚滍枆 攴滊: 4鞏� 雼煬
- 鞚挫瀽鞙�: 4.650%
- 毵岅赴: 2030云�
- 鞓堨儊 毵堦皭鞚�: 2025雲� 7鞗� 10鞚�
- 靾橃澋旮� 靷毄 氇╈爜: 攵�毂� 靸來櫂 氚� 鞚茧皹 旮办梾 氇╈爜
氤� Form 8-K鞐愳劀電� 靾橃澋 靾橃箻雮� 旮绊儉 鞛 靹标臣 雿办澊韯瓣皜 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Le 7 juillet 2025, W. P. Carey Inc. (NYSE : WPC) a conclu un accord de souscription avec Wells Fargo Securities, BofA Securities et Scotia Capital (USA) Inc. pour une offre publique 诲鈥檜n montant principal global de 400 millions de dollars 诲鈥�obligations senior 脿 4,650 % 茅ch茅ance 2030. Le r猫glement des obligations est pr茅vu pour le 10 juillet 2025 dans le cadre de l鈥檈nregistrement automatique de la soci茅t茅 (dossier n掳 333-286885).
La soci茅t茅 utilisera le produit net pour rembourser une partie des emprunts en cours dans le cadre de sa ligne de cr茅dit renouvelable non garantie de 2,0 milliards de dollars ainsi que pour 诲鈥檃utres besoins g茅n茅raux 诲鈥檈ntreprise. L鈥檃ccord de souscription contient les d茅clarations habituelles, garanties, engagements et clauses 诲鈥檌ndemnisation. Un communiqu茅 de presse sur la tarification a 茅t茅 publi茅 simultan茅ment (Exhibit 99.1).
- Taille de l鈥櫭﹎ission : 400 millions de dollars
- Coupon : 4,650 %
- 脡ch茅ance : 2030
- Cl么ture pr茅vue : 10 juillet 2025
- Utilisation des fonds : Remboursement de dette et besoins g茅n茅raux 诲鈥檈ntreprise
Aucun chiffre de r茅sultat ni autre donn茅e financi猫re n鈥檃 茅t茅 divulgu茅 dans ce formulaire 8-K.
Am 7. Juli 2025 hat W. P. Carey Inc. (NYSE: WPC) eine Zeichnungsvereinbarung mit Wells Fargo Securities, BofA Securities und Scotia Capital (USA) Inc. f眉r ein 枚ffentliches Angebot von Senior Notes mit einem Gesamtnennbetrag von 400 Millionen US-Dollar und einem Kupon von 4,650% mit F盲lligkeit 2030 abgeschlossen. Die Wertpapiere sollen am 10. Juli 2025 im Rahmen der automatischen Registrierung der Gesellschaft (Aktenzeichen 333-286885) abgewickelt werden.
Das Unternehmen wird den Nettoerl枚s verwenden, um einen Teil der ausstehenden Verbindlichkeiten aus seiner 2,0 Milliarden US-Dollar unbesicherten revolvierenden Kreditfazilit盲t zur眉ckzuzahlen und f眉r allgemeine Unternehmenszwecke. Die Zeichnungsvereinbarung enth盲lt 眉bliche Zusicherungen, Gew盲hrleistungen, Verpflichtungen und Entsch盲digungsbestimmungen. Gleichzeitig wurde eine Preisbekanntmachung ver枚ffentlicht (Anlage 99.1).
- Emissionsvolumen: 400 Millionen US-Dollar
- Kupon: 4,650%
- 贵盲濒濒颈驳办别颈迟: 2030
- Voraussichtlicher Abschluss: 10. Juli 2025
- Verwendung der Erl枚se: Schuldenr眉ckzahlung und allgemeine Unternehmenszwecke
In diesem Formular 8-K wurden keine Gewinnzahlen oder sonstigen Finanzkennzahlen ver枚ffentlicht.
- Secured $400 million of long-term financing through 4.650% Senior Notes due 2030
- Proceeds designated to repay outstanding revolver borrowings, supporting liquidity and debt-profile management
- Issuance temporarily increases gross debt by $400 million until revolver balances are reduced
- Fixed 4.650% coupon locks in interest expense through 2030
Insights
TL;DR: $400 million 4.650% notes add fixed-rate debt but enhance liquidity by refinancing revolver borrowings.
The 8-K reveals a straightforward capital-raising transaction. By issuing 4.650% Senior Notes due 2030, WPC secures seven-year money in today鈥檚 market, extending its debt maturity profile. Proceeds are earmarked to pay down the company鈥檚 $2.0 billion unsecured revolver, replacing short-term borrowings with longer-dated paper and freeing up revolving capacity for future needs. Although the deal adds $400 million of senior obligations, the targeted repayment of existing indebtedness moderates net leverage once executed. The customary covenants and indemnities present no unusual restrictions. Overall, the transaction modestly improves funding flexibility without introducing material new risks.
Il 7 luglio 2025, W. P. Carey Inc. (NYSE: WPC) ha stipulato un accordo di sottoscrizione con Wells Fargo Securities, BofA Securities e Scotia Capital (USA) Inc. per un'offerta pubblica di 400 milioni di dollari di importo nominale complessivo di Obbligazioni Senior al 4,650% con scadenza 2030. Si prevede che le obbligazioni saranno regolate il 10 luglio 2025 nell'ambito della registrazione automatica della societ脿 (File No. 333-286885).
La societ脿 utilizzer脿 i proventi netti per rimborsare una parte dei prestiti in essere nell'ambito della sua linea di credito revolving non garantita da 2,0 miliardi di dollari e per altri scopi aziendali generali. L'accordo di sottoscrizione include consuete dichiarazioni, garanzie, patti e clausole di indennizzo. Contestualmente 猫 stato pubblicato un comunicato stampa relativo al prezzo (Allegato 99.1).
- Dimensione dell鈥檈missione: 400 milioni di dollari
- Coupon: 4,650%
- Scadenza: 2030
- Chiusura prevista: 10 luglio 2025
- Utilizzo dei proventi: Rimborso debito e scopi aziendali generali
In questo modulo 8-K non sono stati divulgati dati relativi agli utili o altre informazioni finanziarie.
El 7 de julio de 2025, W. P. Carey Inc. (NYSE: WPC) firm贸 un acuerdo de suscripci贸n con Wells Fargo Securities, BofA Securities y Scotia Capital (USA) Inc. para una oferta p煤blica de un monto principal agregado de 400 millones de d贸lares en Notas Senior al 4,650% con vencimiento en 2030. Se espera que las notas se liquiden el 10 de julio de 2025 bajo el registro autom谩tico de la compa帽铆a (Archivo No. 333-286885).
La compa帽铆a aplicar谩 los ingresos netos para pagar una parte de los pr茅stamos pendientes bajo su l铆nea de cr茅dito revolvente no garantizada de 2.000 millones de d贸lares y para otros fines corporativos generales. El acuerdo de suscripci贸n contiene representaciones, garant铆as, convenios y cl谩usulas de indemnizaci贸n habituales. Se emiti贸 simult谩neamente un comunicado de prensa sobre el precio (Exhibici贸n 99.1).
- Tama帽o de la emisi贸n: 400 millones de d贸lares
- Cupones: 4,650%
- Vencimiento: 2030
- Cierre esperado: 10 de julio de 2025
- Uso de los ingresos: Pago de deuda y fines corporativos generales
En este formulario 8-K no se divulgaron cifras de ganancias ni otros datos de desempe帽o financiero.
2025雲� 7鞗� 7鞚�, W. P. Carey Inc. (NYSE: WPC)電� Wells Fargo Securities, BofA Securities 氚� Scotia Capital (USA) Inc.鞕� 頃粯 4.650% 靹犾垳鞙� 毂勱秾 4鞏� 雼煬 攴滊鞚� 瓿店皽 氚滍枆鞚� 鞙勴暅 鞚胳垬 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 頃措嫻 毂勱秾鞚� 須岇偓鞚� 鞛愲彊 霌彪 靹犽皹(韺岇澕 氩堩樃 333-286885)鞐� 霐半澕 2025雲� 7鞗� 10鞚检棎 瓴办牅霅� 鞓堨爼鞛呺媹雼�.
須岇偓電� 靾滌垬鞚奠潉 20鞏� 雼煬 氍措嫶氤� 毽臣牍� 鞁犾毄 鞁滌劋 雮� 氙胳儊頇� 彀瀰旮� 鞚茧秬 靸來櫂 氚� 旮绊儉 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄頃� 鞓堨爼鞛呺媹雼�. 鞚胳垬 瓿勳暯鞐愲姅 鞚茧皹鞝侅澑 歆勳垹, 氤挫, 鞎届爼 氚� 氅挫眳 臁绊暛鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 霃欖嫓鞐� 臧�瓴� 甏�霠� 氤措弰鞛愲臧� 氚滍憸霅橃棃鞀惦媹雼�(觳秬氍胳劀 99.1).
- 氚滍枆 攴滊: 4鞏� 雼煬
- 鞚挫瀽鞙�: 4.650%
- 毵岅赴: 2030云�
- 鞓堨儊 毵堦皭鞚�: 2025雲� 7鞗� 10鞚�
- 靾橃澋旮� 靷毄 氇╈爜: 攵�毂� 靸來櫂 氚� 鞚茧皹 旮办梾 氇╈爜
氤� Form 8-K鞐愳劀電� 靾橃澋 靾橃箻雮� 旮绊儉 鞛 靹标臣 雿办澊韯瓣皜 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Le 7 juillet 2025, W. P. Carey Inc. (NYSE : WPC) a conclu un accord de souscription avec Wells Fargo Securities, BofA Securities et Scotia Capital (USA) Inc. pour une offre publique 诲鈥檜n montant principal global de 400 millions de dollars 诲鈥�obligations senior 脿 4,650 % 茅ch茅ance 2030. Le r猫glement des obligations est pr茅vu pour le 10 juillet 2025 dans le cadre de l鈥檈nregistrement automatique de la soci茅t茅 (dossier n掳 333-286885).
La soci茅t茅 utilisera le produit net pour rembourser une partie des emprunts en cours dans le cadre de sa ligne de cr茅dit renouvelable non garantie de 2,0 milliards de dollars ainsi que pour 诲鈥檃utres besoins g茅n茅raux 诲鈥檈ntreprise. L鈥檃ccord de souscription contient les d茅clarations habituelles, garanties, engagements et clauses 诲鈥檌ndemnisation. Un communiqu茅 de presse sur la tarification a 茅t茅 publi茅 simultan茅ment (Exhibit 99.1).
- Taille de l鈥櫭﹎ission : 400 millions de dollars
- Coupon : 4,650 %
- 脡ch茅ance : 2030
- Cl么ture pr茅vue : 10 juillet 2025
- Utilisation des fonds : Remboursement de dette et besoins g茅n茅raux 诲鈥檈ntreprise
Aucun chiffre de r茅sultat ni autre donn茅e financi猫re n鈥檃 茅t茅 divulgu茅 dans ce formulaire 8-K.
Am 7. Juli 2025 hat W. P. Carey Inc. (NYSE: WPC) eine Zeichnungsvereinbarung mit Wells Fargo Securities, BofA Securities und Scotia Capital (USA) Inc. f眉r ein 枚ffentliches Angebot von Senior Notes mit einem Gesamtnennbetrag von 400 Millionen US-Dollar und einem Kupon von 4,650% mit F盲lligkeit 2030 abgeschlossen. Die Wertpapiere sollen am 10. Juli 2025 im Rahmen der automatischen Registrierung der Gesellschaft (Aktenzeichen 333-286885) abgewickelt werden.
Das Unternehmen wird den Nettoerl枚s verwenden, um einen Teil der ausstehenden Verbindlichkeiten aus seiner 2,0 Milliarden US-Dollar unbesicherten revolvierenden Kreditfazilit盲t zur眉ckzuzahlen und f眉r allgemeine Unternehmenszwecke. Die Zeichnungsvereinbarung enth盲lt 眉bliche Zusicherungen, Gew盲hrleistungen, Verpflichtungen und Entsch盲digungsbestimmungen. Gleichzeitig wurde eine Preisbekanntmachung ver枚ffentlicht (Anlage 99.1).
- Emissionsvolumen: 400 Millionen US-Dollar
- Kupon: 4,650%
- 贵盲濒濒颈驳办别颈迟: 2030
- Voraussichtlicher Abschluss: 10. Juli 2025
- Verwendung der Erl枚se: Schuldenr眉ckzahlung und allgemeine Unternehmenszwecke
In diesem Formular 8-K wurden keine Gewinnzahlen oder sonstigen Finanzkennzahlen ver枚ffentlicht.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in its Charter)
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Registrant’s telephone number, including
area code: (
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 1.01. | Entry into a Material Definitive Agreement. |
On July 7, 2025, W. P. Carey Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, BofA Securities, Inc. and Scotia Capital (USA) Inc. as representatives of the several underwriters listed in Schedule 1 to the Underwriting Agreement (collectively, the “Underwriters”), in connection with the public offering (the “Offering”) of $400 million aggregate principal amount of 4.650% Senior Notes due 2030 (the “Senior Notes”), issued by the Company. The Offering is expected to settle on July 10, 2025, subject to customary closing conditions. The Offering is being made pursuant to (i) the Company’s automatic shelf registration statement on Form S-3ASR (File No. 333-286885) filed with the Securities and Exchange Commission on May 1, 2025 and (ii) a final prospectus supplement relating to the Senior Notes, dated as of July 7, 2025.
The Company intends to use the net proceeds from this Offering to repay certain indebtedness, including a portion of amounts outstanding under its $2.0 billion unsecured revolving credit facility and for other general corporate purposes.
The Underwriting Agreement contains customary representations, warranties and covenants of the Company, as well as certain customary indemnification provisions with respect to the Company and the Underwriters relating to certain losses or damages arising out of or in connection with the consummation of the Offering.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by the full text of the Underwriting Agreement, which is being filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 8.01. | Other Events. |
On July 7, 2025, the Company issued a press release relating to the pricing of the Senior Notes (the “Press Release”). The foregoing description is qualified in its entirety by reference to the Press Release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. |
Description | |
| 1.1 | Underwriting Agreement dated July 7, 2025, by and among W. P. Carey Inc., Wells Fargo Securities, LLC, BofA Securities, Inc. and Scotia Capital (USA) Inc. as representatives of the several underwriters listed in Schedule 1 thereto. | |
| 99.1 | Pricing Press Release dated July 7, 2025, issued by W. P. Carey Inc. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| July 7, 2025 | W. P. Carey Inc. | |
| By: | /s/ ToniAnn Sanzone | |
| ToniAnn Sanzone | ||
| Chief Financial Officer | ||
Source:
FAQ
What did WPC announce in its 7 July 2025 Form 8-K?
How large is the WPC senior notes offering and what is the coupon?
When will the new WPC notes settle?
How will WPC use the proceeds from the 4.650% Senior Notes?
Which banks are underwriting WPC鈥檚 $400 million note issuance?
