Essential Properties Realty prices $450 million of 4.375% notes due 2032
Essential Properties Realty Trust set the terms of a $450 million exchangeable senior notes deal with a 4.375% coupon due 2032, according to Reuters.
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what happened
Essential Properties Realty Trust, Inc. has set the terms of an exchangeable senior notes issue worth $450 million. The securities carry a 4.375% coupon and mature in 2032.
The pricing was reported by Reuters.
why it matters
Exchangeable notes let a REIT raise debt financing and give holders the option to convert into shares under set conditions. The deal shows how real estate investment trusts tap the debt market.
tags
instruments
sources
- Essential Properties Realty Announces Pricing Of $450 Million Exchangeable Senior Notes Offering — Reuters, 28 October 2026 at 00:11 UTC
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