Broadstone Net Lease prices 11 million-share common stock offering at USD 20.5 each
Reuters2026/08/07 02:12- Broadstone Net Lease priced an underwritten public offering of 11,000,000 common shares at USD 20.5 per share via forward sale agreements.
- Underwriters hold a 30-day option for up to 1,650,000 additional shares, lifting the deal to 12,650,000 shares if fully exercised.
- Closing is expected Aug. 10, 2026.
- No initial proceeds; cash is expected on physical settlement by Sept. 30, 2027, based on the offering price less underwriting discounts.
- Proceeds are earmarked for investment funding, revolving credit facility repayment, other indebtedness reduction, general corporate purposes.
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