trending Market Intelligence /marketintelligence/en/news-insights/trending/upbWln8goAmYU0l-lfj1lg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Essential Properties Realty closes upsized common stock offering

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Essential Properties Realty closes upsized common stock offering

Essential Properties Realty Trust Inc. wrapped up an upsized public offering of 7,935,000 common shares at $25.20 apiece, raising roughly $191.5 million in net proceeds.

The offering includes the full exercise of the underwriters' overallotment option to acquire 1,035,000 additional shares.

The single-tenant net-lease real estate investment trust will use proceeds to voluntarily prepay about $62.0 million of its outstanding class A Series 2017-1 ABS notes, to repay outstanding borrowings under its revolving credit facility and for general corporate purposes.

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