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AI brief of an SEC Form 8-K · Essential Properties Realty Trust (EPRT)

Essential Properties closes $400 million 5.400% senior notes offering due 2035

Neutral Impact 3 of 5 financing Written later

Essential Properties Realty Trust's operating partnership closed an underwritten public offering of $400 million in 5.400% senior notes due December 1, 2035, on August 21, 2025, with the parent company guaranteeing the notes. The notes were sold at 97.667% of principal, and the indenture includes covenants requiring the guarantor to maintain a certain percentage of total unencumbered assets.

Key points

  • Issuer: Essential Properties, L.P.; guarantor: Essential Properties Realty Trust, Inc.
  • Principal: $400 million; interest rate 5.400% per year, paid June 1 and December 1, starting December 1, 2025
  • Underwriters paid 97.667% of principal; underwriters include Wells Fargo Securities and Mizuho Securities USA
  • Notes are effectively subordinated to the issuer's secured mortgage and other secured debt and to subsidiary liabilities

The filing

CompanyEssential Properties Realty Trust (EPRT)
Form8-K, current report
Filed with the SECAug 21, 2025, 5:03 PM ET
Accession number0001728951-25-000156

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.