{"url_path":"/sec/o/8-k/2026-07-13/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-13","source_url":"https://www.sec.gov/Archives/edgar/data/726728/0001104659-26-083103-index.html","accession_number":"0001104659-26-083103","cik":"0000726728","ticker":"O","issuer_name":"REALTY INCOME CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/726728/0001104659-26-083103-index.html","primary_entity_key":"0000726728","primary_entity_name":"REALTY INCOME CORP"},"word_count":652,"has_tables":true,"body_markdown":"**Item 1.01 Entry into a Material Definitive Agreement.**\n\n \n\nOn July 10, 2026 (the “Closing Date”), Realty Income\nCorporation (the “Company”) entered into a Fifth Amended and Restated Credit Agreement (the “Fifth A&R Credit Agreement”),\namong the Company, as US borrower, RI UK Finance Ltd., as UK borrower (the “UK Borrower”), and Realty Income Euro Finance\nB.V., as Netherlands borrower (the “Netherlands Borrower” and together with the Company and the UK Borrower, the “Borrowers”),\nthe lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and the other parties named therein.\n\n \n\nThe Fifth A&R Credit Agreement amends and restates, in its entirety,\nthat certain Fourth Amended and Restated Credit Agreement, dated as of April 29, 2025 (the “Prior Credit Agreement”),\namong the Company, as Borrower, the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and the other\nparties named therein.\n\n \n\nThe Fifth A&R Credit Agreement provides for, among other changes,\nupdated capacity of $5.5 billion in unsecured multicurrency revolving credit facilities, upsized from the prior $4.0 billion capacity.\nThe Fifth A&R Credit Agreement consists of two $2.75 billion tranches, which initially mature on April 29, 2029 and July 10,\n2030 respectively (collectively, the “RI Credit Facilities”). The RI Credit Facilities also include two six-month extensions\nfor each facility, which can be exercised at the Company’s option on the terms as set forth in the Fifth A&R Credit Agreement.\nThe Fifth A&R Credit Agreement also adds the UK Borrower and the Netherlands Borrower, which are both wholly owned, indirect subsidiaries\nof the Company, as joint borrowers, under the Fifth A&R Credit Agreement.\n\n \n\nThe RI Credit Facilities permit the Borrowers to borrow (a) under\nthe revolving credit facility maturing in July 2030 (i) in up to four currencies (including U.S. Dollars) under a $2.0 billion\ntranche thereunder and (ii) in up to 15 currencies (including U.S. Dollars) under a $750 million tranche thereunder, and (b) under\nthe revolving credit facility maturing in April 2029 (i) in up to four currencies (including U.S. Dollars) under a $2.0 billion\ntranche thereunder and (ii) in up to 15 currencies (including U.S. Dollars) under a $750 million tranche thereunder. The aggregate\ncapacity of the RI Credit Facilities can be increased to up to $6.5 billion pursuant to an accordion expansion feature, which is subject\nto obtaining lender commitments.\n\n \n\nBorrowings under the RI Credit Facilities bear interest at different\nbenchmark rates based on the currency of the borrowings, including SONIA (the Sterling Overnight Index Average) for borrowings denominated\nin Sterling, EURIBOR for borrowings denominated in Euros, and SOFR (the secured overnight financing rate as administered by the Federal\nReserve Bank of New York) for borrowings denominated in U.S. Dollars, in each case, as defined and subject to certain adjustments specified\nin the Fifth A&R Credit Agreement, as applicable, plus an Applicable Margin, as defined in the Fifth A&R Credit Agreement, based\non the Company’s credit ratings. The current Applicable Margin for the RI Credit Facilities equals 0.675% per annum, based on the\nCompany’s current investment grade credit ratings. An applicable commitment fee is payable on the amount of the Revolving Commitments,\nas defined in the Credit Agreement, based on the Company’s credit ratings. The current applicable commitment fee for the RI Credit\nFacilities equals 0.125% per annum based on the Company’s current investment grade credit ratings. The Fifth A&R Credit Agreement\nalso permits the Company to request that the Tranche 1 Revolving A Lenders or the Tranche 1 Revolving B Lenders, each as defined in the\nFifth A&R Credit Agreement, make Tranche 1 Revolving A Loans or Tranche 1 Revolving B Loans, each as defined in the Fifth A&R\nCredit Agreement, in the form of Bid Rate Loans as further described in the Fifth A&R Credit Agreement. The Fifth A&R Credit Agreement\ncontains customary and other affirmative covenants, including financial reporting requirements, negative covenants, including maintenance\nof certain financial requirements, and other customary events of default."}