Essential Properties Realty Trust, Inc. Announces Pricing of $450 Million Exchangeable Senior Notes Offering

Essential Properties Realty Trust, Inc. Announces Pricing of $450 Million Exchangeable Senior Notes Offering

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its operating partnership, Essential Properties, L.P. (the “Operating Partnership”), has priced its offering of $450 million aggregate principal amount of 4.375% Exchangeable Senior Notes due 2032 (the “Notes”) in a private 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 will fully and unconditionally guarantee the Notes on a senior, unsecured basis. The offer of the Notes is expected to settle on October 30, 2026, subject to customary closing conditions. The Operating Partnership also granted 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 $67.5 million aggregate principal amount of Notes.