Broadstone Net Lease Announces Closing of $375 Million Senior Notes Offering
Broadstone Net Lease, Inc. (BNL)
US:NYSE Investor Relations:
bunzl.com/investors.aspx
Company Research
Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL), an internally-managed real estate investment trust (“BNL,” the “Company,” “we,” “our,” or “us”), today announced that Broadstone Net Lease, LLC, its operating partnership (the “issuer” or the “OP”), has completed its public offering of $375 million aggregate principal amount of 2.600% senior unsecured notes due 2031 (the “Notes”). The Notes were priced at 99.816% of the principal amount and will mature on September 15, 2031. The Notes are senior unsecured obligations of the OP and are guaranteed by BNL.BNL intends to use a portion of the net proceeds from the offering of the Notes to fund potential acquisition opportunities, to repay amounts outstanding under BNL’s $900 million revolving credit facility, term loans and other indebtedness, and for other general corporate and working capital purposes.J.P. Morgan Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. acted as joint lead book
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BNL
Earnings
- 2/21/24 - In-Line
BNL
Sec Filings
- 4/5/24 - Form 8-K
- 4/3/24 - Form 8-K
- 3/22/24 - Form ARS
- BNL's page on the SEC website