{"url_path":"/sec/wpc/8-k/2026-02-24/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-02-24","source_url":"https://www.sec.gov/Archives/edgar/data/1025378/0001104659-26-019187-index.html","accession_number":"0001104659-26-019187","cik":"0001025378","ticker":"WPC","issuer_name":"W. P. Carey Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1025378/0001104659-26-019187-index.html","primary_entity_key":"0001025378","primary_entity_name":"W. P. Carey Inc."},"word_count":685,"has_tables":true,"body_markdown":"**Item 1.01.**\n**Entry into a Material Definitive Agreement.**\n\n \n\nOn February 24, 2026, W. P. Carey Inc. (the “Company”)\nconsummated the public offering (the “Offering”) of €1.0 billion in aggregate principal amount of senior unsecured\nnotes (the “Senior Notes”) consisting of €500 million aggregate principal amount of 3.250% Senior Notes due 2031\n(the “2031 Notes”) and €500 million aggregate principal amount of 3.750% Senior Notes due 2035 (the “2035\nNotes”) issued by the Company. The Offering settled on February 24, 2026 and was made pursuant to (i) the Company’s automatic\nshelf registration statement on Form S-3 (File No. 333-286885), filed with the Securities and Exchange Commission on May 1, 2025; and\n(ii) a final prospectus supplement relating to the Senior Notes, dated as of February 12, 2026. The Company intends to use the net proceeds\nfrom this Offering to repay all of the €500 million in aggregate principal amount outstanding of its 2.250% Senior Notes due April\n2026 and for general corporate purposes, including to fund potential future investments and to repay certain other indebtedness, including\namounts outstanding under its $2.0 billion unsecured revolving credit facility and its €215 million unsecured term loan due February\n2028.\n\n \n\nThe terms of the Senior Notes are governed by\nan indenture, dated as of March 14, 2014 (the “Base Indenture”), by and between the Company, as issuer, and U.S. Bank\nTrust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the “Trustee”),\nas supplemented by the Thirteenth Supplemental Indenture dated as of February 24, 2026 (the “Thirteenth Supplemental Indenture”\nand together with the Base Indenture, the “Indenture”), by and between the Company and the Trustee.\n\n \n\nThe 2031 Notes bear interest at 3.250% per annum, accruing from February\n24, 2026. Interest on the 2031 Notes is payable annually on October 2 of each year, commencing on October 2, 2026. The 2031 Notes will\nmature on October 2, 2031. The 2035 Notes bear interest at 3.750% per annum, accruing from February 24, 2026. Interest on the 2035 Notes\nis payable annually on May 10 of each year, commencing on May 10, 2026. The 2035 Notes will mature on May 10, 2035. The Senior Notes are\nthe Company’s direct, unsecured and unsubordinated obligations and will rank equally in right of payment with all of the Company’s\nexisting and future unsecured and unsubordinated indebtedness.\n\n \n\nThe Company may redeem the Senior Notes at any\ntime in whole, or from time to time in part, at the make-whole redemption price specified in the Thirteenth Supplemental Indenture. If\nthe 2031 Notes are redeemed on or after August 2, 2031 (two months prior to the maturity date), the redemption price will be equal to\n100% of the principal amount of the 2031 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption\ndate. If the 2035 Notes are redeemed on or after February 10, 2035 (three months prior to the maturity date), the redemption price will\nbe equal to 100% of the principal amount of the 2035 Notes being redeemed plus accrued and unpaid interest thereon to, but not including,\nthe redemption date.\n\n \n\nThe Indenture contains covenants that, among other\nthings, require the Company to maintain at all times a specified ratio of unencumbered assets to unsecured debt and limit the Company\nfrom incurring secured and unsecured indebtedness. However, those covenants are subject to significant exceptions. In addition, our ability\nto consummate a merger, consolidation or a transfer of all or substantially all of our consolidated assets to another person is limited\nunless certain conditions are satisfied. The Indenture also provides for customary events of default which, if any of them occurs, would\npermit or require the principal of and accrued interest on the Notes to become or to be declared due and payable.\n\n \n\nThe foregoing descriptions of the Base Indenture\nand the Thirteenth Supplemental Indenture in this Current Report on Form 8-K do not purport to be complete, and are qualified in their\nentirety by reference to Exhibits 4.1, 4.2, 4.3 and 4.4, respectively, to this Current Report on Form 8-K, which are incorporated herein\nby reference."}