Essential Properties Realty Trust, Inc. Announces Proposed Exchangeable Senior Notes Offering

Essential Properties Realty Trust announced a proposed private offering of $450.0 million of exchangeable senior notes due 2032, with an option for initial purchasers to buy up to an additional $67.5 million. The notes will be fully and unconditionally guaranteed by the company, and proceeds are intended to fund capped call transactions — which reduce potential exchange dilution — and to pay down the revolving credit facility.

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