Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 22

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 22
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 accounts payable and accrued liabilities, certain unearned rents and interest and certain operating lease liabilities) of $311.0 million, of which $25.0 million was secured, in each case excluding intercompany indebtedness. See “Risk Factors—Claims of noteholders will be structurally subordinated to claims of creditors of our subsidiaries” and “Risk Factors—Your right to receive payments on the notes is effectively subordinated to the rights of lenders who have a security interest in our assets to the extent of the value of those assets” in this prospectus supplement. No initial guarantees None of our subsidiaries will initially guarantee the Notes. However, certain of our current and future Domestic Subsidiaries may be obligated to guarantee the Notes under certain circumstances. See “—Certain Covenants—Guarantees” below. Unrestricted subsidiaries Certain of our subsidiaries that are existing on the date of the Indenture or are created or acquired after the date of the Indenture may be designated by us as Unrestricted Subsidiaries if the conditions set forth in the definition are met. S-19

Principal, interest and maturity In this offering, the Issuer will issue $550.0 million aggregate principal amount of Notes. The Notes will mature on November 15, 2030. Interest on the Notes will accrue at the rate of 4.750% per annum and will be payable semi-annually in arrears on May 15 and November 15 to holders of record of Notes on the immediately preceding May 1 and November 1, commencing on May 15, 2026. The Indenture will provide for the issuance of additional Notes having identical terms and conditions (except for the issue date and, in some cases, the public offering price and the first interest payment date) as the Notes (the “Additional Notes”) from time to time after this offering, subject to the provisions of the Indenture described below under the caption “—Certain Covenants—Limitations on Incurrence of Debt”; provided that the Additional Notes must be treated as part of the same issue as the Notes for U.S. federal income tax purposes. Such Additional Notes may be consolidated and form a single series with the Notes. Interest on the Notes will accrue from the most recent date through which interest has been paid or, if no interest has been paid, from the date of original issuance. Interest will be computed on the basis of a 360-dayyear comprised of twelve 30-daymonths. Notes