Broadstone Net Lease launches 11 million-share common stock offering via forward sale agreements
Reuters2026/08/06 21:02- Broadstone Net Lease launched an underwritten public offering of 11,000,000 common shares tied to forward sale agreements.
- Underwriters hold a 30-day option for 1,650,000 additional shares, lifting total shares sold to 12,650,000 if exercised.
- Morgan Stanley, J.P. Morgan to act as forward purchasers; settlement can occur on dates set by BNL through Sept. 30, 2027.
- No proceeds expected at launch; cash from future settlement intended for investment funding, debt repayment, general corporate purposes.
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