EPR Properties Announces Redemption of 7.750% Senior Notes Due 2020
January 29 2018 - 12:23PM
Business Wire
EPR Properties (NYSE: EPR) (the "Company") announced today that
it will redeem all of its outstanding 7.750% Senior Notes due 2020.
The redemption date has been set for February 28, 2018. In
accordance with the redemption provisions of the notes and the
Indenture, dated as of June 30, 2010, as amended, the notes will be
redeemed at a price equal to the principal amount of $250.0 million
plus an applicable premium calculated pursuant to the terms of the
indenture, together with accrued and unpaid interest up to, but not
including, the redemption date. The Company intends to fund the
redemption with borrowings under its senior unsecured revolving
credit facility and cash on hand.
About EPR Properties
EPR Properties is a specialty real estate investment trust
(REIT) that invests in properties in select market segments which
require unique industry knowledge, while offering the potential for
stable and attractive returns. Our total investments exceed $6.6
billion and our primary investment segments are Entertainment,
Recreation and Education. We adhere to rigorous underwriting and
investing criteria centered on key industry and property level cash
flow standards. We believe our focused niche approach provides a
competitive advantage, and the potential for higher growth and
better yields.
CAUTIONARY STATEMENT CONCERNING
FORWARD-LOOKING STATEMENTS
With the exception of historical information, certain statements
contained or incorporated by reference herein may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements involve numerous risks and uncertainties and you should
not rely on them as predictions of actual events. There is no
assurance the events or circumstances reflected in the
forward-looking statements will occur. You can identify
forward-looking statements by use of words such as "will be,"
"intend," "continue," "believe," "may," "expect," "hope,"
"anticipate," "goal," "forecast," "pipeline," "estimates,"
"offers," "plans," "would" or other similar expressions or other
comparable terms or discussions of strategy, plans or intentions
contained or incorporated by reference herein. Forward-looking
statements in this press release include those relating to our
planned redemption of our 7.750% Senior Notes due 2020 and the
source of funds to fund the redemption. Forward-looking statements
necessarily are dependent on assumptions, data or methods that may
be incorrect or imprecise. These forward-looking statements
represent our intentions, plans, expectations and beliefs and are
subject to numerous assumptions, risks and uncertainties. Many of
the factors that will determine these items are beyond our ability
to control or predict. For further discussion of these factors see
"Item 1A. Risk Factors" in our most recent Annual Report on Form
10-K and, to the extent applicable, our Quarterly Reports on Form
10-Q.
For these statements, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. You are cautioned not to place undue
reliance on our forward-looking statements, which speak only as of
the date hereof or the date of any document incorporated by
reference herein. All subsequent written and oral forward-looking
statements attributable to us or any person acting on our behalf
are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Except as
required by law, we do not undertake any obligation to release
publicly any revisions to our forward-looking statements to reflect
events or circumstances after the date hereof.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180129005894/en/
EPR PropertiesBrian Moriarty,
888-EPR-REITwww.eprkc.com
EPR Properties (NYSE:EPR)
Historical Stock Chart
From Mar 2024 to Apr 2024
EPR Properties (NYSE:EPR)
Historical Stock Chart
From Apr 2023 to Apr 2024