| W. P. Carey Closes on $450 Million Credit Facility and W. P. Carey & Co. Announces the Passing of Its Founder and Chairman Wm. Polk Carey |
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NEW YORK, NY--(Marketwire -12/29/11)- Investment firm W. P. Carey & Co. LLC (NYSE: WPC - News) announced today that it has closed on a $450 million unsecured revolving credit facility. Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities, LLC acted as Joint Lead Bookrunners and Joint Lead Arrangers, with Bank of America, N.A. as Administrative Agent and JP Morgan Chase Bank, N.A. as Syndication Agent. The facility is syndicated to a group of 10 financial institutions, including Bank of America, N.A., JPMorgan Chase Bank, N.A., PNC Bank, N.A., Wells Fargo Bank, N.A., RBS Citizens, N.A. dba Charter One, Regions Bank, U.S. Bank, N.A., The Bank of New York Mellon, Fifth Third Bank and Comerica Bank. The facility's term extends to December 28, 2014. The facility can be extended until December 28, 2015 at W. P. Carey's option.This facility will replace a $250 million unsecured revolving credit facility that was due to expire in June of 2012. [Read the full article] NEW YORK, NY--(Marketwire -01/02/12)- The Trustees of the W. P. Carey Foundation announced today that the Foundation will be the primary beneficiary of shares of common stock in W. P. Carey & Co. LLC (NYSE: WPC - News) held by Wm. Polk Carey. Mr. Carey died earlier today.Mr. Carey was the founder and Chairman of both W. P. Carey & Co. LLC and the W. P. Carey Foundation.Francis J. Carey, President of the W. P. Carey Foundation, said, "All of the Trustees of the Foundation join me in mourning Bill's passing. Bill Carey was determined that the charitable work he pursued throughout his life should continue long after his death. For this reason, he arranged that The Foundation will be the primary beneficiary of his shares in W. P. Carey & Co. LLC."Francis J. [Read the full article] NEW YORK, NY--(Marketwire -01/02/12)- In the news release, "W. P. Carey & Co. Announces the Passing of Its Founder and Chairman Wm. Polk Carey," issued earlier today by W. P. Carey & Co. LLC (NYSE: WPC - News), we are advised by the company that the sixth paragraph should mention "Arizona State University" rather than "University of Arizona" as originally issued. Complete corrected text follows.NEW YORK, NY -- January 2, 2012 -- W. P. Carey & Co.'s Board of Directors sadly announces that company founder and Chairman Wm. Polk Carey died earlier today.Mr. Carey, who was 81 years old, died of natural causes at Good Samaritan Medical Center in West Palm Beach, Florida. He was surrounded by family and friends, who had traveled to be with him.Company Chief Executive Officer Trevor P. Bond stated, "Bill Carey was more than our founder and Chairman -- he was the cultural leader of our company. All of us at W. P. Carey & Co. [Read the full article] 
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