Essential Properties Realty Trust (EPRT) Announces Proposed 6.25M Share Common Offering

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Go back to Essential Properties Realty Trust (EPRT) Announces Proposed 6.25M Share Common Offering

Essential Properties Realty Trust, Inc. Announces Primary Public Offering of Common Stock

January 9, 2020 4:02 PM EST

PRINCETON, N.J.--(BUSINESS WIRE)-- Essential Properties Realty Trust, Inc. (NYSE: EPRT; the Company) announced today that it has commenced an underwritten public offering of 6,250,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock. The Company expects to use the net proceeds from the offering to voluntarily prepay, without prepayment penalty, approximately $62.0 million of our outstanding Class A Series 2017-1 ABS Notes, to repay outstanding borrowings under our revolving credit facility and for general corporate purposes, including potential future investments. All of... More