Broadstone Net Lease launches 11 million-share common stock offering via forward sale agreements

Broadstone Net Lease launched an underwritten public offering of 11,000,000 common shares tied to forward sale agreements.

• Underwriters hold a 30-day option for 1,650,000 additional shares, lifting total shares sold to 12,650,000 if exercised.
• Morgan Stanley and J.P. Morgan will act as forward purchasers; settlement can occur on dates set by BNL through Sept. 30, 2027.
• No proceeds are expected at launch; cash from future settlement is intended for investment funding, debt repayment, and general corporate purposes.