W.P. Carey to repay credit facility debt with note offering proceeds

By Tali Rackner

Norfolk, Va., Jan. 14 – W.P. Carey Inc. plans to repay amounts outstanding under its senior unsecured credit facility using proceeds from a new senior note offering, according to a press release.

Proceeds will also be used to fund potential future acquisitions and for general corporate purposes.

New York-based W.P. Carey is a publicly traded real estate investment trust that provides long-term sale-leaseback and built-to-suit financing.

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