Essential Properties Realty Trust prices $450 million exchangeable senior notes offering
Bitget2026/10/28 00:05- Essential Properties Realty Trust priced $450 million of 4.38% Exchangeable Senior Notes due 2032 through its operating partnership.
- Settlement is expected October 30, 2026; the notes mature January 15, 2032.
- Initial purchasers have an option to buy an additional $67.5 million of notes.
- Estimated net proceeds of $439 million will fund a $420.3 million reduction in revolving credit facility borrowings.
- The remaining $18.7 million will fund capped call transactions intended to reduce potential dilution from exchanges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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