Realty Income Concludes Exchange Offer for Spirit Notes
Realty Income Corporation, known as The Monthly Dividend Company®, has successfully completed its exchange offers for Spirit Realty, L.P.’s notes, with an overwhelming response from note holders. The completion of this exchange is a significant milestone in Realty Income’s broader strategy to amend the indenture governing the Spirit Notes, removing most restrictive covenants. The final settlement of these exchange offers is expected to align with the anticipated merger closing on January 23, 2024.
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