Essential Properties Realty Trust Prices $450 Million Notes Offering

05:33 AM EDT, 10/28/2026 (MT Newswires) -- Essential Properties Realty Trust (EPRT) has priced a private offering of $450 million principal amount of 4.375% exchangeable senior notes due 2032, the company said late Tuesday. Initial purchasers have been granted a 13-day option to purchase up to an additional $67.5 million amount of notes. The notes will be exchangeable at an initial rate of $30.88 per share, according to the company. Net proceeds, estimated at $439 million to $505.2 million, will be used to fund certain capped call transactions, and debt repayments, Essential Properties Realty Trust said. Settlement is expected to occur on Oct. 30, subject to customary closing conditions.