ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT): Entry into a Material Definitive Agreement
ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-4.2 3 exhibit42-8xk.htm EX-4.2 Document Exhibit 4.2 ESSENTIAL PROPERTIES, L.P. , ESSENTIAL PROPERTIES REALTY TRUST, INC., AS GUARANTOR, AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE THIRD SUPPLEMENTAL INDENTURE DATED AS OF JUNE 15, 2026 TO INDENTURE DATED JUNE
How this was made
The 30-second read
Why it matters
The key tradable takeaway is the disclosed issuance framework: $400M initial aggregate principal, 5.375% coupon, and maturity in 2036, plus the guaranty and indenture terms/covenants (details beyond the excerpt).
Market read
A primary-source debt/guaranty disclosure that can affect EPRT’s credit perception and unsecured debt pricing expectations.
What to watch
Traders will care about proceeds/use (refinancing vs. growth vs. liquidity), any covenants/limitations in the full exhibit, and whether the guaranty structure changes effective leverage.
Background
The article is an SEC Form 8-K describing entry into a material definitive agreement via a third supplemental indenture for a new series of senior notes, with EPRT acting as guarantor.
Ticker impact
EPRT (as guarantor) enters a third supplemental indenture establishing $400M of 5.375% senior notes due 2036.
Likely modest near-term credit-spread sensitivity; equity reaction depends on whether proceeds/refinancing are viewed as favorable.
The filing is a primary SEC disclosure of a material definitive agreement (indenture supplement) and a new notes series, but it provides limited detail on use of proceeds or pricing beyond coupon/maturity in the excerpt.
Market effects
Adds another REIT credit instrument with a long-dated maturity, potentially influencing REIT unsecured debt sentiment at the margin.
No clear regional linkage beyond US capital markets.
Limited; primarily US REIT credit market read-through.
Counterpoint
If the notes are issued to fund weaker operations or near-term obligations, the credit optics could be negative despite the long maturity.
Key entities
- issuer/guarantorEssential Properties Realty Trust, Inc.
Guarantor under the third supplemental indenture for $400M 5.375% senior notes due 2036.
- companyEssential Properties, L.P.
Issuer of the senior notes under the base indenture, party to the supplemental indenture.
- trusteeU.S. Bank Trust Company, National Association
Trustee under the supplemental indenture.
