On February 12, 2026, W. P. Carey Inc. entered into an underwriting agreement to issue €1.0 billion in aggregate principal amount of senior unsecured notes, consisting of €500 million 3.250% notes due 2031 and €500 million 3.750% notes due 2035. The company intends to use the net proceeds to repay its 2.250% Senior Notes due April 2026 and for general corporate purposes.
Key takeaways
W. P. Carey Inc. priced a public offering of €1.0 billion in aggregate principal amount of senior unsecured notes on February 12, 2026.
The offering consists of two tranches: €500 million of 3.250% Senior Notes due 2031 and €500 million of 3.750% Senior Notes due 2035.
Net proceeds will be used to repay all €500 million of the company's 2.250% Senior Notes due April 2026 and for general corporate purposes.
The offering is expected to settle on February 24, 2026, subject to customary closing conditions.
J.P. Morgan Securities plc, Barclays Bank PLC, BNP PARIBAS, and Wells Fargo Securities International Limited acted as joint book-running managers.