debt
confidence high
sentiment neutral
materiality 0.50
Essential Properties closes $400M 5.400% Senior Notes offering due 2035
ESSENTIAL PROPERTIES REALTY TRUST, INC.
- Issued $400M of 5.400% Senior Notes due Dec 1, 2035; priced at 97.667% of par.
- Interest payable June 1 and Dec 1, starting Dec 1, 2025; maturity Dec 1, 2035.
- Notes are senior unsecured obligations of Essential Properties, L.P., fully guaranteed by EPRT.
- Underwriting agreement with Wells Fargo and Mizuho as representatives; closed Aug 21, 2025.
- Indenture includes covenants such as maintaining a minimum percentage of total unencumbered assets.
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