EPR Properties to repay revolving credit facility with note proceeds

By Tali Rackner

Norfolk, Va., March 9 – EPR Properties plans to repay the outstanding principal balance of its revolving credit facility with the proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

As of March 6, there was about $185 million of debt outstanding under the revolver, which matures on July 23, 2017.

Proceeds will also be used for general business purposes, which may include funding the company’s ongoing pipeline of acquisition and build-to-suit projects.

The real estate investment trust for entertainment, education and recreation properties is based in Kansas City, Mo.

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