FrontView REIT closes 13.2M-share IPO, repays $166M in debt

FrontView REIT, Inc.

Offering of 13,200,000 shares closed Oct 3, 2024; underwriters have 30-day option for 1,980,000 more.
Used proceeds to repay $150M revolver and $16M term loan, terminating both credit facilities.
Contribution agreements with NADG entities effectuated; FrontView now owns ~56% of operating partnership.
Adopted 2024 Omnibus Equity Incentive Plan; employment agreements for Preston, Starr, Dieffenbacher, Ireland effective.
Indemnification agreements entered with all directors and executive officers.

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