Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 13

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 13
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, seek additional capital or restructure or refinance our indebtedness, including the notes. These alternative measures may not be successful and may not permit us to meet our scheduled debt service obligations. Our ability to restructure or refinance our debt will depend on the condition of the capital markets and our financial condition at such time. Any refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants, which could further restrict our business operations. In addition, the terms of existing or future debt agreements may restrict us from adopting some of these alternatives. In the absence of such operating results and resources, we could face substantial liquidity problems and might be required to dispose of material assets or operations, sell equity and/or negotiate with our lenders to restructure the applicable debt in order to meet our debt service and other obligations. We may not be able to consummate those dispositions for fair market value or at all. Our credit agreement governing our unsecured revolving credit facility, the indentures or note purchase agreement governing our existing notes and the indenture governing the notes offered hereby may restrict, or market or business conditions may limit, our ability to avail ourselves of some or all of these options. Furthermore, any proceeds that we could realize from any such dispositions may not be adequate to meet our debt service obligations then due. S-12

Our debt agreements contain restrictions that will limit our flexibility in operating our business. Our credit agreement governing our unsecured revolving credit facility, the note purchase agreement governing our 4.560% Senior Notes due 2026 and, to a lesser extent, the indentures governing our other existing notes and the indenture governing the notes offered hereby contain, and any instruments governing future indebtedness of ours likely would contain, a number of covenants that will impose significant operating and financial restrictions on us, including restrictions on our ability to, among other things:

| • |     | incur additional debt or issue certain preferred shares; |

| • |     | pay dividends on or make distributions in respect of our capital stock or make other restricted payments; |

| • |     | make certain payments on debt that is subordinated or secured on a junior basis; |

| • |     | make certain investments; |

| • |     | sell certain assets; |

| • |     | create liens on certain assets; |

| • |     | consolidate, merge, sell or otherwise dispose of all or substantially all of our assets; |

| • |     | enter into