The REIT lowered financing expenses after increasing its revolving credit lines and commercial paper programs.
Realty Income (O) reduced its borrowing costs by expanding its $5.5 billion revolving credit facilities. The recast multicurrency unsecured lines were increased from their prior levels, the company announced Monday.
The move follows efforts to optimize liquidity and financing terms amid broader market conditions. The REIT also upsized its commercial paper programs, enhancing short-term funding flexibility.
No immediate market reaction was disclosed in the announcement.