W.P. Carey's (NYSE:WPC) public offering of 5.46M shares of common stock offered on forward basis results in gross proceeds of $382.4M.

WPC intends to use proceeds, if any, received upon the settlement of the forward sale agreements to repay certain debt, including amounts outstanding under its $1.8B unsecured revolving credit facility, to fund development and redevelopment activities and potential future acquisitions, and for general corporate purposes.

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