W. P. Carey Inc. 8-K

What Happened W. P. Carey Inc. announced on February 12, 2026 that it entered into an underwriting agreement with J.P. Morgan Securities plc, Barclays, BNP PARIBAS and Wells Fargo Securities International Limited as representatives of the underwriters for a €1.0 billion public offering of senior unsecured notes. The Offering consists of €500 million of 3.250% Senior Notes due 2031 and €500 million of 3.750% Senior Notes due 2035 and is expected to settle on February 24, 2026. The Offering is being made under the company’s Form S-3ASR shelf registration and a final prospectus supplement dated February 12, 2026.

Key Details

• Offering size: €1.0 billion total — €500M 3.250% notes due 2031 and €500M 3.750% notes due 2035.
• Expected settlement date: February 24, 2026, subject to customary closing conditions.
• Use of proceeds: repay €500M of 2.250% Senior Notes due April 2026; general corporate purposes including funding potential investments and repaying amounts under its $2.0 billion unsecured revolving credit facility and a €215M unsecured term loan due February 2028.
• Documentation: underwriting agreement dated February 12, 2026 and a pricing press release were filed as exhibits to the 8-K; the agreement includes customary representations, covenants and indemnities.

Why It Matters This filing signals W. P. Carey is refinancing upcoming debt and extending maturities by issuing longer-term notes. Investors should note the new notes carry higher coupons (3.250% and 3.750%) than the €500M of 2.250% notes being repaid, and proceeds may also reduce bank borrowings or fund new investments. The transaction affects the company’s future interest obligations and maturity profile and will close if customary conditions are met.