EPR Properties to reduce revolver borrowings via new equity offering

By Tali Rackner

Norfolk, Va., Jan. 14 – EPR Properties plans to reduce the outstanding principal balance of its unsecured revolving credit facility with the proceeds from a public offering of common shares of beneficial interest, according to a news release.

The application of the proceeds will increase the amounts available under the company’s unsecured revolving credit facility, which it intends to use primarily to fund its ongoing pipeline of acquisition and build-to-suit projects.

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

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