secwatch.observer — SEC 8-K summary
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Issuer:     CareTrust REIT, Inc. (CTRE)
CIK:        0001590717
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001140361-24-039290
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CareTrust REIT establishes new $750M ATM equity program, replaces prior program
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- New equity distribution agreement allows issuance of up to $750M in common stock through at-the-market sales.
- Proceeds intended for general corporate purposes including acquisitions, debt repayment, and working capital.
- Prior ATM program (May 2024) terminated; approximately $3M of unsold shares remained.
- Sales agents include BMO, BofA, KeyBanc, J.P. Morgan, Raymond James, Baird, Wells Fargo.
- Forward sale agreements allow for borrowing and selling shares with potential cash or share settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590717/000114036124039290/0001140361-24-039290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590717/000114036124039290/ny20034808x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-039290

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