Community Healthcare Trust registers $500M ATM equity offering via amended sales agency agreement

Community Healthcare Trust Inc

Up to $500M in common stock may be sold at-the-market through agents including Piper Sandler, Evercore, Truist, Regions, Fifth Third, Janney Montgomery, and Baird.
Replaces prior $500M ATM program from 2019; shares sold on NYSE or in privately negotiated transactions.
Commission for agents capped at 2% of gross proceeds; company provides customary indemnification.
Company is not obligated to sell any shares under the new agreement, which terminates upon full sale or earlier termination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Community Healthcare Trust Inc entered into Second Amended and Restated Sales Agency Agreement with Piper Sandler & Co., Evercore Group L.L.C., Truist Securities, Inc., Regions Securities LLC, Fifth Third Securities, Inc., Janney Montgomery Scott LLC, and Robert W. Baird & Co. Incorporated valued at up to $500,000,000 (effective 2022-11-02).

Action: entry
Agreement: atm program
Counterparty: Piper Sandler & Co., Evercore Group L.L.C., Truist Securities, Inc., Regions Securities LLC, Fifth Third Securities, Inc., Janney Montgomery Scott LLC, and Robert W. Baird & Co. Incorporated
Value: up to $500,000,000
Effective: 2022-11-02

Exact text from the filing

On November 2, 2022, Community Healthcare Trust Incorporated (the “Company”) entered into a Second Amended and Restated Sales Agency Agreement (the “Agreement”) with Piper Sandler & Co., Evercore Group L.L.C., Truist Securities, Inc., Regions Securities LLC, Fifth Third Securities, Inc., Janney Montgomery Scott LLC, and Robert W. Baird & Co. Incorporated, as sales agents (collectively, the “Agents”).

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Community Healthcare Trust Inc filing history →

Source: SEC EDGAR

accession 0001104659-22-114023

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