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Realty Income to repay acquisition credit facility via common stock
By Tali Rackner
Norfolk, Va., April 6 – Realty Income Corp. plans to repay borrowings under its $1.5 billion acquisition credit facility with the proceeds from a public offering of 5 million shares of common stock, according to a press release.
The facility is generally used to fund real estate acquisitions.
The real estate investment trust for retail and commercial properties is based in Escondido, Calif.
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