Essential Properties Realty Trust Announces $450 Million Exchangeable Senior Notes Offering
Essential Properties Realty Trust (EPRT) has announced that its operating partnership intends to launch a private placement of $450 million in exchangeable senior notes due 2032. The offering is targeted toward qualified institutional buyers. The deal includes an over-allotment option, allowing initial purchasers the opportunity to acquire up to an additional $67.5 million in notes. This capital raise is a strategic move for the real estate investment trust as it manages its debt structure and long-term financing needs.
Tickers: $EPRT
Topics: capital raising exchangeable senior notes private placement
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