secwatch.observer — SEC 8-K summary
======================================

Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001140361-24-024578
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareTrust REIT enters $500M ATM equity distribution program, replacing prior program
--------------------------------------------------------------------------------

- New Equity Distribution Agreement allows sale of up to $500M in common stock through multiple agents and forward sellers.
- Prior ATM program terminated; approximately $0.9 million in unsold shares remained at termination.
- Net proceeds from sales contributed to operating partnership for acquisitions, debt repayment, and working capital.
- Forward sale agreements permit borrowed shares to be sold, with settlement via physical delivery of common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000114036124024578/0001140361-24-024578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000114036124024578/ny20028445x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-024578

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer