The Notes are being offered to investors at a price of 100% of their principal amount, plus accrued interest, if any, from October 3, 2025. The sale of the Notes is expected to close on October 3, 2025, subject to customary closing conditions.
The net proceeds of the offering, after deducting underwriting discounts and estimated transaction expenses related to this offering, are expected to be approximately $296.3 million. The Operating Partnership intends to use the net proceeds of the offering to repay our consolidated secured debt and for general corporate purposes, which may include the repayment, repurchase or other retirement of other indebtedness.
The joint book-running managers for the offering are BofA Securities, Inc., Citigroup Global Markets Inc., Truist Securities, Inc, Wells Fargo Securities, LLC, BNY Capital Markets, LLC, Citizens JMP Securities, LLC, M&T Securities, Inc., PNC Capital Markets LLC and U.S. Bancorp Investments, Inc. The co-managers for the offering Samuel A. Ramirez & Company, Inc. and Synovus Securities, Inc.
This offering is being made pursuant to an effective shelf registration statement and related prospectus and preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Copies of the prospectus ...
