Realty Income intends to price $600 million of notes due 2018, 2022

By Andrea Heisinger

New York, Oct. 2 - Realty Income Corp. is in the market Tuesday with a $600 million offering of senior notes (Baa1/BBB/) in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The offering includes notes due 2018 and 2022.

Bank of America Merrill Lynch, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay a portion of borrowings under an acquisition credit facility.

The real estate investment trust for retail and commercial properties is based in Escondido, Calif.

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