debt
confidence high
sentiment neutral
materiality 0.55
EPR Properties issues $550M 4.750% Senior Notes due Nov 2030
EPR PROPERTIES
- Completed public offering of $550M aggregate principal of 4.750% Senior Notes due Nov 15, 2030.
- Interest payable semi-annually at 4.750% per year, first payment due May 15, 2026.
- Notes are senior unsecured, rank equally with existing senior debt; subordinated to secured and subsidiary debt.
- Covenants limit additional debt and require unencumbered assets at least 150% of unsecured debt.
- Redemption before Oct 15, 2030 at make-whole price (Treasury +20 bps); thereafter at par.