W.P. Carey plans to pay down credit facility with note proceeds

By Jennifer Chiou

New York, Jan. 21 – W.P. Carey Inc. intends to repay amounts outstanding under its senior unsecured credit facility using proceeds from an offering of senior notes due 2025 and 2035, according to a 424B5 filing with the Securities and Exchange Commission.

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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