other material
confidence high
sentiment neutral
materiality 0.60
Essential Properties Realty Trust enters new $750M ATM equity program, terminates prior $160M program
ESSENTIAL PROPERTIES REALTY TRUST, INC.
- New ATM Sales Agreement with 18 agents for up to $750M in common stock, replacing June 2024 program.
- Prior ATM program terminated with $160M in unsold capacity remaining.
- Shares sold at market prices; agents receive up to 2.0% commission on gross proceeds.
- Proceeds contributed to operating partnership for debt repayment, working capital, and investments.
- Company may also enter forward sale agreements with certain agents for hedging.