W. P. Carey prices $350 million in senior notes due 2036

W. P. Carey Inc. (NYSE: WPC) has priced an underwritten public offering of $350 million in aggregate principal amount of 5.200% Senior Notes due 2036, according to a company statement.

The notes were offered at 99.015% of the principal amount. Interest will be paid semi-annually on March 15 and September 15 each year, beginning March 15, 2027. The offering is expected to settle on July 2, 2026, subject to customary closing conditions.

The company said it intends to use the net proceeds to repay $350 million in aggregate principal amount of its existing 4.250% Senior Notes due October 2026, with remaining proceeds allocated to general corporate purposes, including potential future investments and repayment of amounts outstanding under its unsecured revolving credit facility.

Wells Fargo Securities, LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., and BBVA Securities Inc. acted as joint book-running managers for the offering.

W. P. Carey holds a portfolio of 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026, with offices in New York, London, Amsterdam, and Dallas.

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