Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 53

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 53
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 be an Unrestricted Subsidiary for purposes of the Indenture and any Debt of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Issuer as of such date and, if such Debt is not permitted to be incurred as of such date under the covenant described under “—Certain Covenants—Limitations on Incurrence of Debt,” the Issuer will be in default of such covenant. “Unsecured Debt” means, for any Person, any Debt of such Person or its Restricted Subsidiaries which is not Secured Debt. “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. S-40

Supplemental U.S. federal income tax considerations

The discussion in the accompanying prospectus under the heading “U.S. Federal Income Tax Considerations” summarizes certain U.S. federal income tax considerations regarding ownership of the Notes. It is based on current law, is for general information only and is not tax advice. It does not address all aspects of U.S. federal income taxation that may be relevant to a particular Holder. You should consult with your own tax advisor before investing in the notes.

S-41

Underwriting (conflicts of interest) J.P Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc. and RBC Capital Markets, LLC are acting as joint book-running managers of the offering and as representatives of the underwriters named below. Subject to the terms and conditions stated in the underwriting agreement dated the date of this prospectus supplement, each underwriter named below has severally agreed to purchase, and we have agreed to sell to that underwriter, the principal amount of notes set forth opposite the underwriter’s name.

| Underwriters                             |     | Principal amount 
 of notes         |             |
|:-----------------------------------------|:----|:-----------------|------------:|
| J.P. Morgan Securities LLC               |     | $                |  79,750,000 |
| BofA Securities, Inc.                    |     |                  |  79,750,000 |
| Barclays Capital Inc.                    |     |                  |  79,750,000 |
| RBC Capital Markets, LLC                 |     |                  |  79,750,000 |
| Citigroup Global Markets Inc.            |     |                  |  41,250,