Essential Properties announced an at-the-market equity program to offer up to $750.0 million of common stock.
Key Highlights:
- Entered an ATM Sales Agreement to offer up to $750.0 million of common stock through a syndicate of agents.
- Terminated prior ATM; $279.9 million remained unsold under the prior program at termination.
- Shares may be sold as at-the-market, negotiated or block trades; agents’ commission up to 2.0% of gross sales.
- Net proceeds expected to be contributed to the operating partnership for general corporate purposes, including debt repayment.
Original SEC Filing:
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