Summary by Moomoo AI
Realty Income Corporation has announced an exchange offer for all outstanding notes issued by Spirit Realty, L.P., along with a solicitation for consents to amend the related indenture. The exchange offers are contingent upon the receipt of consents from the holders of the notes to effectuate certain amendments to the indenture. The early consent date is set for 5:00 p.m., New York City time, on January 10, 2024, with the expiration date being 5:00 p.m., New York City time, on January 19, 2024. The exchange offers are part of a broader strategy to simplify the company's capital structure following the planned merger with Spirit Realty Capital, Inc. The exchange will involve the issuance of new notes by Realty Income, which will have...Show More