04:34 PM EDT, 07/07/2025 (MT Newswires) -- W. P. Carey (WPC) said late Monday it has priced an underwritten public offering of $400 million in senior notes due 2030.

The notes will have a fixed interest rate of 4.650% and were offered at 99.088% of their face value, with the offering expected to close on Thursday, the company said.

Interest payments will be made twice a year, on Jan. 15 and July 15, starting in 2026, it added.

The company said it plans to use the money raised to repay some of its debt, including part of its $2 billion revolving credit facility, and for general business purposes.