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Realty Income 8-K 2008 UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
May
15, 2008
Date of
Report (Date of earliest event reported)
Realty
Income Corporation
(Exact
name of registrant as specified in its charter)
(760)
741-2111
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
1.01 Entry into a Material
Definitive Agreement.
On May 15, 2008, Realty Income
Corporation (the “Company”) entered into a Credit Agreement among the Company,
as Borrower, certain subsidiaries of the Company, as Guarantors, the Lenders
party thereto, and Wells Fargo Bank, National Association, as Administrative
Agent and Sole-Lead Arranger, Bank of America, N.A. and Regions Bank, as
co-Syndication Agents, Bank of New York and Wachovia Bank, National Association,
as co-Documentation Agents, and Raymond James Bank, FSB and Chevy
Chase Bank, FSB (the “Credit Agreement”). The term of the Credit
Agreement will begin on May 15,
2008 and replace the Company’s existing $300 million acquisition credit
facility. The Credit Agreement provides for a $355 million unsecured
revolving credit facility maturing May 13, 2011. Borrowings under the credit
facility bear interest at the LIBOR rate or the base rate, each as defined in
the Credit Agreement, plus a margin of 1.00% for LIBOR loans based on the
Company’s current debt ratings. A commitment fee of 0.275% per annum is payable
on the then revolving committed amount, as defined in the Credit Agreement,
based on the Company’s current debt ratings.
The foregoing description of the Credit
Agreement is not, and does not purport to be, complete and is qualified in its
entirety by reference to a copy of the Credit Agreement filed as Exhibit 10.1
hereto and incorporated herein by reference.
Item
9.01 Financial Statements
and Exhibits.
(d)
Exhibits
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INDEX
TO EXHIBITS
Exhibit
No. Description
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