Essential Properties Realty Trust launches USD 750 million at-the-market equity offering program
EPRT•Program terms and intended uses
Sales may be executed as at-the-market trades or negotiated block transactions, with agent commissions capped at 2%.
The agreement also allows forward sale agreements. Proceeds from issued shares or forward settlements are expected to fund debt repayment, working capital, capex and investments.
New at-the-market equity program
Essential Properties Realty Trust entered an at-the-market equity distribution agreement for up to USD 750 million of common stock.
The new program replaces the prior ATM; USD 279.9 million remained unsold under the terminated arrangement.
