Single-tenant net-lease real estate investment trust Essential Properties Realty Trust Inc. priced an upsized public offering of 6,900,000 common shares for approximately $25.20 per share.

The REIT granted the underwriters a 30-day option to purchase up to an additional 1,035,000 common shares.

The company plans to use net proceeds to prepay about $62.0 million of its outstanding class A series 2017-1 ABS notes, to repay outstanding borrowings under its revolver and for general corporate purposes.

Barclays, BofA Securities, Citigroup, Goldman Sachs & Co. LLC and SunTrust Robinson Humphrey are the joint book-running managers of the offering. Capital One Securities, Stifel, Mizuho Securities, Credit Suisse, RBC Capital Markets, Evercore ISI and Ladenburg Thalmann are acting as the co-managers of the offering.