debt
confidence high
sentiment neutral
materiality 0.60
Broadstone Net Lease closes $350M offering of 5.000% Senior Notes due 2032
Broadstone Net Lease, Inc.
- $350M aggregate principal, 5.000% interest, maturity Nov 1, 2032.
- Notes are senior unsecured obligations of Broadstone Net Lease, LLC, guaranteed by Broadstone Net Lease, Inc.
- Priced at 98.526% of par; interest payable May 1 and Nov 1 starting May 1, 2026.
- Redeemable at Issuer's option with make-whole premium; no make-whole if redeemed on/after Sept 1, 2032.
- Indenture includes covenants to maintain unencumbered assets; events of default include payment defaults, bankruptcy.
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