other material
confidence high
sentiment neutral
materiality 0.55
CareTrust REIT establishes new $750M at-the-market equity program
CareTrust REIT, Inc.
- Up to $750M of common stock may be sold through sales agents or forward sellers.
- Prior ATM program with ~$440M unsold capacity terminated upon this new agreement.
- Proceeds contributed to operating partnership for acquisitions, debt repayment, working capital.
- Sales agents receive up to 2% commission; forward sellers up to 2% via reduced forward sale price.
- Program terminates upon sale of full amount or earlier termination per agreement terms.