Realty Income enters $4.0 billion unsecured credit facilities, replacing 2022 agreement
Realty Income entered a Fourth Amended and Restated Credit Agreement on April 29, 2025, providing $4.0 billion in unsecured multicurrency revolving credit facilities that replace its prior 2022 agreement. The company also entered a separate $1.0 billion revolver and up to $380.0 million delayed draw term loan for its Realty Income U.S. Core Plus Fund, which it expects to guarantee initially. The filing describes routine borrowing terms and does not report any change in earnings or guidance.
Key points
- $4.0 billion in unsecured revolving facilities: two $2.0 billion facilities maturing in two and four years, with two six-month extensions each
- Accordion feature allows the RI facilities to increase to up to $5.0 billion, subject to lender commitments
- Current Applicable Margin of 0.725% per annum and commitment fee of 0.125% per annum, based on investment grade ratings
- Fund Credit Agreement: up to $1.0 billion revolver and up to $380.0 million delayed draw term loan, guaranteed by the company initially
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.