[144] Rapid Micro Biosystems, Inc. SEC Filing

Rhea-AI Filing Summary

On 7 July 2025, W. P. Carey Inc. (NYSE: WPC) entered into an underwriting agreement with Wells Fargo Securities, BofA Securities and Scotia Capital (USA) Inc. for a public offering of $400 million aggregate principal amount of 4.650% Senior Notes due 2030. The notes are expected to settle on 10 July 2025 under the company’s automatic shelf registration (File No. 333-286885).

The company will apply the net proceeds to repay a portion of borrowings outstanding under its $2.0 billion unsecured revolving credit facility and for other general corporate purposes. The underwriting agreement contains customary representations, warranties, covenants and indemnification provisions. A pricing press release was simultaneously issued (Exhibit 99.1).

• Issue Size: $400 million
• Coupon: 4.650%
• Maturity: 2030
• Expected Closing: 10 July 2025
• Use of Proceeds: Debt repayment & general corporate

No earnings figures or other financial performance data were disclosed in this Form 8-K.

Positive

• Secured $400 million of long-term financing through 4.650% Senior Notes due 2030
• Proceeds designated to repay outstanding revolver borrowings, supporting liquidity and debt-profile management

Negative

• Issuance temporarily increases gross debt by $400 million until revolver balances are reduced
• Fixed 4.650% coupon locks in interest expense through 2030

Insights

Corporate Bond Analyst

TL;DR: $400 million 4.650% notes add fixed-rate debt but enhance liquidity by refinancing revolver borrowings.

The 8-K reveals a straightforward capital-raising transaction. By issuing 4.650% Senior Notes due 2030, WPC secures seven-year money in today’s market, extending its debt maturity profile. Proceeds are earmarked to pay down the company’s $2.0 billion unsecured revolver, replacing short-term borrowings with longer-dated paper and freeing up revolving capacity for future needs. Although the deal adds $400 million of senior obligations, the targeted repayment of existing indebtedness moderates net leverage once executed. The customary covenants and indemnities present no unusual restrictions. Overall, the transaction modestly improves funding flexibility without introducing material new risks.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	10824	38021.46	39332172	07/08/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	07/07/2025	Restricted Stock Vesting	Issuer			10824	07/07/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did WPC announce in its 7 July 2025 Form 8-K?

The company disclosed a public offering of $400 million 4.650% Senior Notes due 2030 and filed the related underwriting agreement.

How large is the WPC senior notes offering and what is the coupon?

WPC is issuing $400 million of 4.650% Senior Notes due 2030.

When will the new WPC notes settle?

The notes are expected to settle on 10 July 2025, subject to customary closing conditions.

How will WPC use the proceeds from the 4.650% Senior Notes?

Net proceeds will repay borrowings under WPC’s $2.0 billion unsecured revolving credit facility and fund general corporate purposes.

Which banks are underwriting WPC’s $400 million note issuance?

Wells Fargo Securities, BofA Securities and Scotia Capital (USA) Inc. are acting as joint book-running managers and representatives of the underwriters.