Broadstone Net Lease prices 11 million-share common stock offering at USD 20.5 each
BNL•Proceeds and settlement timing
No initial proceeds; cash is expected on physical settlement by Sept. 30, 2027, based on the offering price less underwriting discounts.
Proceeds are earmarked for investment funding, revolving credit facility repayment, other indebtedness reduction, and general corporate purposes.
Offering priced at $20.5 per share
Broadstone Net Lease priced an underwritten public offering of 11,000,000 common shares at USD 20.5 per share via forward sale agreements.
Underwriters hold a 30-day option for up to 1,650,000 additional shares, lifting the deal to 12,650,000 shares if fully exercised.
Closing is expected Aug. 10, 2026.
