VEREIT® Announces Pricing of $1.2 Billion of Senior Notes PHOENIX , Nov. 9, 2020 |PRNewswire| -- VEREIT, Inc. (NYSE: VER ) ("VEREIT") announced today that its operating partnership, VEREIT Operating Partnership, L.P. (the "Operating Partnership" and, together with VEREIT, the "Company"), priced an offering of $1.2 billion aggregate principal amount of senior notes, consisting of $500.0 million aggregate principal amount of 2.200% senior notes due 2028 at an issue price of 98.881% of par value (the "2028 Notes") and $700.0 million aggregate principal amount of 2.850% senior notes due 2032 at an issue price of 98.928% of par value (the "2032 Notes" and, together with the 2028 Notes, the "Notes"). Interest on the Notes will be payable in cash and will accrue at a rate of 2.200% per annum for the 2028 Notes and 2.850% for the 2032 Notes. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed by VEREIT. The offering of Notes is expected to close on November 17, 2020 , subject to the satisfaction of customary closing conditions.