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Essential Properties Realty Trust, Inc. Announces Pricing of $400 Million of 5.400% Senior Notes due 2035
PRINCETON, N.J., August 18, 2025--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the "Company") announced today that its operating partnership, Essential Properties, L.P. (the "Operating Partnership"), has priced a public offering of $400 million aggregate principal amount of 5.400% Senior Notes due 2035 (the "Notes"). The Notes were priced at 98.317% of the principal amount and will mature on December 1, 2035. The offering is expected to settle on August 21, 2025, subject to the satisfact
About this update from Essential Properties Realty Trust, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":409,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/42c2d8bba8392c9ca9a0b877e8967565"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/onoQSVTsII7SZuGFVhxn.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgyNztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/42c2d8bba8392c9ca9a0b877e8967565","width":409,"height":480}},"lazy":false},{"type":"text","content":"PRINCETON, N.J., August 18, 2025--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the "Company") announced today that its operating partnership, Essential Properties, L.P. (the "Operating Partnership"), has priced a public offering of $400 million aggregate principal amount of 5.400% Senior Notes due 2035 (the "Notes"). The Notes were priced at 98.317% of the principal amount and will mature on December 1, 2035. The offering is expected to settle on August 21, 2025, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed by the Company.","length":654,"tagName":"p"},{"type":"text","content":"The Operating Partnership intends to use the net proceeds from the offering (i) to repay amounts outstanding under its revolving credit facility and (ii) for general corporate purposes, including funding future investment activity.","length":231,"tagName":"p"},{"type":"text","content":"Wells Fargo Securities, Mizuho, BMO Capital Markets, BofA Securities, Capital One Securities, TD Securities and Truist Securities are acting as joint book-running managers for the offering. Barclays, BNP PARIBAS, Citigroup, Citizens Capital Markets, Goldman Sachs & Co. LLC, Huntington Capital Markets, Morgan Stanley, Regions Securities LLC, Scotiabank, Stifel and Wolfe Capital Markets and Advisory are acting as co-managers for the offering.","length":448,"tagName":"p"},{"type":"text","content":"The offering is being made pursuant to an effective shelf registration statement filed by the Company and the Operating Partnership with the Securities and Exchange Commission (the "SEC"). A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. When available, a copy of the prospectus supplement and acc...