Essential Properties adds $450M term loan via fifth credit agreement amendment

ESSENTIAL PROPERTIES REALTY TRUST, INC.

New $450M 2030 Term Loan with 3-year initial maturity, extendable to early 2030 via two 1-year and one 6-month options.
Initial draw of $320M on July 11, 2024; remaining $130M available through delayed draws over six months.
Credit facility now totals $1.9B: $600M revolver, $400M (2028), $450M (2029), and $450M (2030) term loans.
Includes a $500M uncommitted accordion feature; interest rate is Adjusted Term SOFR plus applicable margin.
Proceeds used for general corporate purposes; facility agent is Wells Fargo, with multiple joint lead arrangers.

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