W. P. Carey Plans Senior Notes Offering

(RTTNews) - W. P. Carey Inc. (WPC), an independent equity real estate investment trust, said Tuesday that it plans to offer senior unsecured notes.

The company said it plans to use the net proceeds from this offering for working capital and general corporate purposes, including the repayment of certain amounts outstanding under its senior unsecured credit facility and certain existing mortgage indebtedness over time, and making investments in the normal course of business.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are acting as joint book-running managers for the Notes offering.