UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 6, 2006
Date of report (Date of earliest event reported)
REALTY INCOME CORPORATION
(Exact Name of Registrant as Specified in Charter)
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Maryland |
1-13374 |
33-0580106 |
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(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
220 West Crest Street
Escondido, California 92025-1707
(Address of Principal Executive Offices) (Zip Code)
(760) 741-2111
(Registrant’s telephone number, including area code)
N/A
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On September 6, 2006, Realty Income Corporation (the “Company”) entered into a purchase agreement with Banc of America Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC, as representatives of the underwriters (the “Underwriters”), pursuant to which the Company agreed to issue and sell $275,000,000 aggregate principal amount of its 5.950% Notes due 2016. The transaction closed on September 18, 2006. Total net proceeds of the offering (after deducting the underwriting discount and other estimated expenses) were approximately $272.0 million. The Company intends to use approximately $114.8 million of the net proceeds from the offering to redeem all of its outstanding 7 ¾% Notes Due 2007, which includes interest of $3.2 million that will be paid at the time of the redemption. The Company also intend to use net proceeds from this offering of notes to repay borrowings outstanding under its $300 million acquisition credit facility. The remaining net proceeds will be used for other general corporate purposes.
Item 9.01 Financial Statements and Exhibits.
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(d) |
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Exhibits. |
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1.1 |
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Purchase Agreement, dated September 6, 2006, between the Underwriters and the Company. |
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4.1 |
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Indenture, dated as of October 28, 1998, between the Company and The Bank of New York Trust Company, N.A., as successor trustee (filed as an exhibit to the Company’s Form 8-K, filed on October 28, 1998 and incorporated herein by reference). |
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4.2 |
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Form of 5.950% Notes due 2016. |
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4.3 |
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Officer’s Certificate pursuant to Sections 201, 301 and 303 of the Indenture dated October 28, 1998 between the Company and The Bank of New York Trust Company, N.A., as successor trustee, establishing a series of securities entitled “5.950% Notes due 2016.” |
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5.1 |
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Opinion of Venable LLP. |
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5.2 |
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Opinion of Latham & Watkins LLP. |
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12.1 |
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Calculation of Ratio of Earnings to Fixed Charges. |
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23.1 |
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Consent of Venable LLP (contained in the opinion filed as Exhibit 5.1 hereto). |
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23.2 |
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Consent of Latham & Watkins LLP (contained in the opinion filed as Exhibit 5.2 hereto). |
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25.1 |
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Form T-1 (filed as an exhibit to the Company’s Form 8-K, filed on September 6, 2006 and incorporated herein by reference). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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REALTY INCOME CORPORATION |
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Date: September 18, 2006 |
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By: |
/s/ Michael R. Pfeiffer |
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Name: |
Michael R. Pfeiffer |
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Title: |
Executive Vice President, General |
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