EPR Properties Announces Proposed $500.0 Million Convertible Senior Notes Offering
Key Highlights
- ➤$500.0 million convertible notes due 2032 proposed in private offering
- ➤Up to $75.0 million additional notes available through initial purchasers’ option
- ➤Up to $75.0 million proceeds earmarked for concurrent common-share repurchases
- ➤Remaining proceeds and cash to repay $450.0 million 4.750% notes due 2026
EPR Properties Announces Proposed $500.0 Million Convertible Senior Notes Offering
EPR Properties (NYSE:EPR) (the “Company”) today announced its intention to offer, subject to market and other conditions, $500.0 million aggregate principal amount of convertible senior notes due 2032 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $75.0 million aggregate principal amount of Notes.
Get started
Create a free account to read the full story.