Essential Properties Realty Trust, Inc. (NYSE:EPRT, the “Company”)) announced today the pricing of an underwritten public offering of 7,600,000 shares of its common stock at a public offering price of $23.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,140,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay amounts outstanding on its revolving credit facility and for general corporate purposes, including potential future investments. The offering was upsized from the previously announced offering size of 6,500,000 shares of common stock. All of the shares are being offered by the Company, and the offering is expected to close on August 4, 2022, subject to customary closing conditions.
Wells Fargo Securities, BofA Securities and Citigroup are acting as the joint lead book-running managers of the offering. Truist Securities, Goldman Sachs & Co. LLC, Mizuho Securities, Barclays, BMO Capital Markets and Capital One Securities are acting as the book-running managers of the offering. Huntington Capital Markets, TD Securities, JMP Securities LLC, Stifel, Ramirez & Co., Inc., Berenberg and Ladenburg Thalmann are acting as co-managers of the offering.
