NEW YORK, Oct. 17, 2014 /PRNewswire/ -- American Realty Capital Properties, Inc. ("ARCP") announced today the expiration and completion of the previously announced offer by its subsidiary and operating partnership, ARC Properties Operating Partnership, L.P. (the "Company") to exchange $2,550,000,000 aggregate principal amount of the Company's 2.000% senior notes due 2017, 3.000% senior notes due 2019 and 4.600% senior notes due 2024 (the "Original Notes") for $2,550,000,000 aggregate principal amount of the Company's 2.000% senior notes due 2017, 3.000% senior notes due 2019 and 4.600% senior notes due 2024 that have been registered under the Securities Act of 1933.  The purpose of the exchange offer was to comply with the Company's obligations under the registration rights agreement entered into in connection with the initial sale of the Original Notes.

The exchange offer expired at 5:00 p.m., Eastern time, on October 16, 2014.  The Company accepted for exchange the entire aggregate principal amount of the Original Notes, representing all of the Original Notes validly tendered and not validly withdrawn at the time of expiration, pursuant to the exchange offer.  The exchange offer was made by means of the prospectus, dated September 12, 2014.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Company is a subsidiary and the operating partnership of ARCP, which is its sole general partner. ARCP is a self-managed publicly traded real estate investment trust, organized as a Maryland corporation, listed on The NASDAQ Global Select Market, focused on acquiring and owning single-tenant freestanding commercial properties subject to net leases with high credit quality tenants.

SOURCE American Realty Capital Properties, Inc.

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