W. P. Carey Prices €1.0 Billion Senior Unsecured Notes to Refinance Debt, Fund Investments

W. P. Carey Inc. (NYSE: WPC) announced that it has priced an underwritten public offering of €1.0 billion in aggregate principal amount of senior unsecured notes with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years. The commercial real estate financing comprises two tranches: €500 million aggregate principal amount of 3.250% Senior Notes due 2031, offered at 99.249% of the principal amount, and €500 million aggregate principal amount of 3.750% Senior Notes due 2035, offered at 98.500% of the principal amount.

The offering is expected to settle on February 24, 2026, subject to customary closing conditions. W. P. Carey intends to use the net proceeds to repay all of the €500 million in aggregate principal amount outstanding of its 2.250% Senior Notes due April 2026 and for general corporate purposes, including to fund potential future investments and to repay certain other indebtedness, including amounts outstanding under its unsecured revolving credit facility and its unsecured term loan.

Commercial Real Estate Financing Details and Terms

Interest on the 2031 Notes will be paid annually on October 2 of each year, beginning on October 2, 2026. Interest on the 2035 Notes will be paid annually on May 10 of each year, beginning on May 10, 2026. Application has been made for the Notes to be admitted to the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and admitted to trading on the Global Exchange Market of Euronext Dublin, subject to approval.

J.P. Morgan Securities plc, Barclays, BNP Paribas Real Estate, and Wells Fargo acted as joint book-running managers for the Notes offering. A registration statement relating to the Notes has been filed with the Securities and Exchange Commission and has become effective under the Securities Act of 1933, as amended.

Investor Information and Documentation

The offering is being made by means of a prospectus supplement and prospectus. Potential investors may obtain these documents by visiting EDGAR on the SEC's website at www.sec.gov or by contacting J.P. Morgan Securities plc at +44-20 7134-2468 for non-U.S. investors or J.P. Morgan Securities LLC collect at 1-212-834-4533 for U.S. investors.

Sources

W. P. Carey Inc. Investor Relations: https://ir.wpcarey.com/news/news-details/2026/W--P--Carey-Inc--Announces-Pricing-of-1-0-Billion-of-Senior-Unsecured-Notes/default.aspx