Item 1.01. Entry into a Material Definitive Agreement.

On December 22, 2021, Realty Income Corporation (the "Company") entered into that certain First Amendment (the "Amendment") to its Second Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as Administrative Agent (as amended, the "Credit Agreement").

The Amendment, among other things, (i) changes the benchmark rate under the Credit Agreement for borrowings denominated in U.S. and foreign currencies from LIBOR to certain alternative benchmark rates, including, among others, benchmark rates based on SONIA (the Sterling Overnight Index Average) for borrowings denominated in Sterling, EURIBOR for borrowings denominated in Euros, and, following the USD LIBOR Transition Date (as defined in the Credit Agreement), SOFR (the secured overnight financing rate as administered by the Federal Reserve Bank of New York) for borrowings denominated in U.S. Dollars, in each case, subject to certain adjustments specified in the Credit Agreement, and (ii) updates certain other provisions regarding successor interest rates to LIBOR.

The foregoing descriptions of the Amendment and the Credit Agreement are qualified in their entirety by reference to the full and complete terms of the Amendment (including the copy of the Credit Agreement, as amended, attached thereto), which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.





           Creation of a Direct Financial Obligation or an Obligation under an

Item 2.03. Off-Balance Sheet Arrangement of a Registrant.

The disclosures set forth under Item 1.01 are incorporated herein by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.






(d)      Exhibits.



Exhibit No                                Description
  10.1         First Amendment to Second Amended and Restated Credit Agreement,
             dated December 22,2021, by and between Realty Income Corporation and
             Wells Fargo, N.A., as administrative agent.

104          Cover Page Interactive Data File (formatted as inline XBRL and
             contained in Exhibit 101)

© Edgar Online, source Glimpses