Essential Properties Realty Trust Proposes Exchangeable Senior Notes Offering
Essential Properties Realty Trust announced a proposed offering of exchangeable senior notes.
Story updates
11:05:35 AM UTC
SquawkNews
Essential Properties Realty Trust, Inc. (NYSE:EPRT; the “Company”) announced today that its operating partnership, Essential Properties, L.P. (the “Operating Partnership”), intends to offer, subject to market and other conditions, $450.0 million aggregate principal amount of exchangeable senior not…
11:09:21 AM UTC
SquawkNews
Essential Properties Realty Trust plans a private offering of $450M exchangeable senior notes due 2032, with a $67.5M option, guaranteed by the company. Proceeds will fund capped calls and reduce its revolver.Material DetailsContext by AI AnalystThis is a balance sheet move typical for net-lease RE…