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Realty Income closes $694M loan to support San Diego Community Power's clean energy goals

Company Fundamentals
23 Mar 2026
PRNewsWire
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Bullish
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Realty Income secured a $694 million unsecured term loan at a 4.91% fixed rate, effectively 4.34% after a currency swap, to support San Diego Community Power's long-term clean energy procurement. The loan is part of a broader municipal bond prepayment structure facilitating affordable renewable energy for nearly 1 million customers. Realty Income's role is limited to the loan and swap, with no exposure to electricity markets or municipal bond obligations. This deal diversifies Realty Income's debt sources while aiding local community energy goals.

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