Essential Properties Realty Trust, Inc. Announces Primary Public Offering of Common Stock
01 Agosto 2022 - 05:02PM
Business Wire
Essential Properties Realty Trust, Inc. (NYSE: EPRT; the
“Company”) announced today that it has commenced an underwritten
public offering of 6,500,000 shares of its common stock. The
Company expects to grant the underwriters a 30-day option to
purchase up to an additional 975,000 shares of common stock. The
Company expects to use the net proceeds from the offering to repay
amounts outstanding on its revolving credit facility and for
general corporate purposes, including potential future investments.
All of the shares are being offered by the Company.
Wells Fargo Securities, BofA Securities and Citigroup are acting
as the joint book-running managers of the offering.
The offering of the common stock is being made pursuant to the
Company’s effective shelf registration statement filed with the
Securities and Exchange Commission (the “SEC”). A preliminary
prospectus supplement and accompanying prospectus relating to the
offering will be filed with the SEC. When available, a copy of the
preliminary prospectus supplement and accompanying prospectus
relating to the offering may be obtained from Wells Fargo
Securities, LLC, Attention: Equity Syndicate Department, 30 Hudson
Yards, 500 West 33rd Street - 14th Floor, New York, NY 10001, by
telephone at 1-800-326-5897 or by email at
cmclientsupport@wellsfargo.com; BofA Securities, Inc.,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC
28255-0001, Attn: Prospectus Department, Email:
dg.prospectus_requests@bofa.com; or Citigroup Global Markets, Inc.:
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 (Tel: 800-831-9146), or by visiting the EDGAR
database on the SEC’s web site at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor will there be any sale of these
securities in any state or other jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. When used in this press
release, the words “expect” and “will,” or the negative of these
words, or similar words or phrases that are predictions of or
indicate future events and that do not relate solely to historical
matters, are intended to identify forward-looking statements. You
can also identify forward-looking statements by discussions
regarding strategy, plans or intentions. Forward-looking statements
involve numerous risks and uncertainties and you should not rely on
them as predictions of future events. Forward-looking statements
depend on assumptions, data or methods that may be incorrect or
imprecise. The Company does not guarantee that the transactions and
events described will happen as described (or that they will happen
at all). You are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date of this
press release. While forward-looking statements reflect the
Company’s good faith beliefs, they are not guarantees of future
performance. The Company undertakes no obligation to publicly
release the results of any revisions to these forward-looking
statements that may be made to reflect events or circumstances
after the date of this press release or to reflect the occurrence
of unanticipated events, except as required by law. In light of
these risks and uncertainties, the forward-looking events discussed
in this press release might not occur as described, or at all.
Additional information concerning factors that could cause
actual results to differ materially from these forward-looking
statements is contained from time to time in the Company’s SEC
filings, including its Annual Report on Form 10-K for the year
ended December 31, 2021 and subsequent Quarterly Reports on Form
10-Q. Copies of each filing may be obtained from the Company or the
SEC. Such forward-looking statements should be regarded solely as
reflections of the Company’s current plans and estimates. Actual
results may differ materially from what is expressed or forecast in
this press release.
About Essential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. is an internally managed
REIT that acquires, owns and manages primarily single-tenant
properties that are net leased on a long-term basis to companies
operating service-oriented or experience-based businesses. As of
June 30, 2022, the Company’s portfolio consisted of 1,561
freestanding net lease properties with a weighted average remaining
lease term of 13.8 years and a weighted average rent coverage ratio
of 4.0x. As of the same date, the Company’s portfolio was 99.9%
leased to 322 tenants operating 469 different concepts in 16
industries across 46 states.
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version on businesswire.com: https://www.businesswire.com/news/home/20220801005768/en/
Investor/Media: Essential Properties Realty Trust, Inc. Daniel
Donlan Senior Vice President, Capital Markets 609-436-0619
investors@essentialproperties.com
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