Financing ·
Essential Properties Realty Trust, Inc. entered into an at-the-market (ATM) equity offering sales agreement with a…
EPRTEssential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. entered into an at-the-market (ATM) equity offering sales agreement with a group of agents, including BofA Securities, Goldman Sachs, and Morgan Stanley, for the sale of up to $750.0 million in common stock. This new agreement replaces a prior ATM program that had $279.9 million in unsold shares remaining. Net proceeds are intended for contribution to the company's operating partnership to fund general corporate purposes, such as debt repayment, working capital, and capital expenditures. Essential Properties Realty Trust, Inc. is a real estate investment trust that focuses on essential retail properties.