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American Finance Trust increases preferred stock ATM offering program to $100M

American Finance Trust Inc. amended an equity distribution agreement to boost the maximum offering price of its 7.50% series A cumulative redeemable perpetual preferred stock to $100.0 million from $50.0 million.

The real estate investment trust could sell the securities from time to time in at-the-market offerings.

BMO Capital Markets Corp., BBVA Securities Inc., B. Riley FBR Inc., Citizens Capital Markets Inc., KeyBanc Capital Markets, Ladenburg Thalmann & Co. Inc., SunTrust Robinson Humphrey Inc. and D.A. Davidson & Co. are the agents.