W. P. Carey Inc. (NYSE: WPC) announced today that it has priced an underwritten public offering of €525 million aggregate principal amount of 0.950% Senior Notes due 2030 (the "Notes"), which will be issued by its indirectly wholly-owned subsidiary, WPC Eurobond B.V. (the "Issuer"), and shall be fully, unconditionally and irrevocably guaranteed by W. P. Carey Inc. The Notes were offered at 99.335% of the principal amount and application for listing has been made by the Issuer with the Irish Stock Exchange plc, trading as Euronext Dublin, for trading on the Global Exchange Market, and any listing is subject to approval by Euronext Dublin.

Interest on the Notes will be paid annually on June 1 of each year, beginning on June 1, 2021. The offering of the Notes is expected to settle on March 8, 2021, subject to customary closing conditions. W. P. Carey Inc. intends to use the net proceeds from the offering to redeem the outstanding aggregate principal amount of its 2.000% Senior Notes due 2023. Any remaining net proceeds may be used for general corporate purposes, to repay indebtedness, including reducing amounts outstanding under its unsecured revolving credit facility, the repayment of secured debt, and to fund potential future acquisitions.

Barclays Bank PLC, BofA Securities Europe SA and Wells Fargo Securities Europe S.A. acted as joint book-running managers for the Notes offering.

W. P. Carey Inc.

W. P. Carey Inc. is a diversified real estate investment trust and a leading owner of commercial real estate, net leased to companies located primarily in North America and Europe on a long-term basis.