05:39 PM EDT, 08/18/2025 (MT Newswires) -- Essential Properties Realty Trust ( EPRT ) said late Monday its operating partnership, Essential Properties, priced a public offering of $400 million of 5.4% senior notes due 2035.

The offering is expected to close on Aug. 21, subject to customary closing conditions, the company said.

Essential Properties plans to use the net proceeds to repay outstanding under its revolving credit facility and for general corporate purposes, according to a statement.

Shares rose 1% during after-hours trading.