Broadstone Net Lease prices 11 million-share common stock offering at USD 20.5 each

Reuters2026/08/07 02:12

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Broadstone Net Lease Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260806710223) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Broadstone Net Lease prices 11 million-share common stock offering at USD 20.5 each

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