W.P. Carey will use notes private placement to reduce revolver

Chicago, Sept. 1 – W.P. Carey Inc. will use a €350 million offering of privately placed senior notes to reduce debt on its revolving credit facility, according to a company press release.

Other potential uses from the notes include refinance debt, funding potential acquisitions, developments and investment opportunities and general corporate purposes.

New York-based W.P. Carey is an internally managed diversified real estate investment trust and a leading owner of commercial real estate, net-leased to companies on a long-term basis.

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