Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 45

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 45
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 the Issuer, as borrower, KeyBank National Association, as administrative agent, JP Morgan Chase Bank, N.A., RBC Capital Markets Corporation, Bank of America, N.A., Citizens Bank, N.A., Barclay’s Bank PLC and Truist Bank, as co-syndicationagents, KeyBanc Capital Markets, LLC, JP Morgan Chase Bank, N.A., RBC Capital Markets Corporation, BofA Securities, Inc., Citizens Bank, N.A., Barclays Bank PLC and Truist Securities, Inc., as joint book runners and joint lead arrangers, The Toronto-Dominion Bank, New York Branch and Citibank, N.A., as documentation agents, and the lenders party thereto. “Debt” of the Issuer or any of its Restricted Subsidiaries means, without duplication, any indebtedness of the Issuer or any Restricted Subsidiary, whether or not contingent, in respect of:

| (1) | borrowed money or evidenced by bonds, notes, debentures or similar instruments; |

| (2) | indebtedness for borrowed money secured by any encumbrance existing on property owned by the Issuer or its Restricted                                            
 Subsidiaries, to the extent of the lesser of (x) the amount of indebtedness so secured or (y) the Fair Market Value of the property subject to such encumbrance; |

| (3) | the reimbursement obligations in connection with any letters of credit actually drawn or amounts representing the balance                                                                                                           
 deferred and unpaid of the purchase price of any property or services, except any such balance that constitutes an accrued expense, trade payable, conditional sale obligations or obligations under any title retention agreement; |

| (4) | the principal amount of all obligations of the Issuer and its Restricted Subsidiaries with respect to redemption, 
 repayment or other repurchase of any Disqualified Stock; and                                                      |

| (5) | any lease of property by the Issuer or any of its Restricted Subsidiaries as lessee which is reflected on the 
 Issuer’s or such Restricted Subsidiaries’ consolidated balance sheet as a Capitalized Lease Obligation,       |

to the extent, in the case of items of indebtedness under clauses (1) through (5) above, that any such items would appear as a liability on the Issuer’s or such Restricted Subsidiaries’ consolidated balance sheet in accordance with GAAP. Debt also includes, to the extent not otherwise included, any