Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 35

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 35
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| (7) | to comply with requirements of the Commission in order to effect or maintain the qualification of the Indenture under the 
 Trust Indenture Act.                                                                                                      |

Any such consent need only approve the substance, rather than the particular form, of the proposed amendment. Notes are not considered outstanding, and therefore the holders thereof are not eligible to vote, if the Issuer has deposited or set aside in trust for the holders money for their payment or redemption or if the Issuer or one of its affiliates own them. The holders of Notes are also not eligible to vote if they have been fully defeased as described below under “—Discharge, Defeasance and Covenant Defeasance—Full Defeasance.” Sinking fund The Notes are not entitled to any sinking fund payments. The trustee, registrar and paying agent UMB Bank, n.a., is the Trustee under the Indenture. The Issuer has initially designated the Trustee as the registrar and paying agent for the Notes. Payments of interest and principal will be made, and the Notes will be transferable, at the office of the paying agent, or at such other place or places as may be designated pursuant to the Indenture. For Notes that are issued in book-entry form represented by a global security, payments will be made to a nominee of the depository. The Trustee is a lender under our credit agreement governing our unsecured revolving credit facility. The Trustee is permitted to engage in other transactions with us or any of our affiliates; provided, however, that if the Trustee acquires any conflicting interest (as defined in the Indenture or in the Trust Indenture Act), it must eliminate such conflict or resign. Discharge, defeasance and covenant defeasance Discharge The Issuer may discharge all of its obligations to the holders of Notes (other than the obligation to register transfers and exchanges) that either have become due and payable or will become due and payable within one year, or scheduled for redemption within one year, by irrevocably depositing with the Trustee, in trust, cash in U.S. dollars, non-callableU.S. government agency notes or bonds or a S-28

combination thereof, in such amounts as will be sufficient to pay all of the Notes, including any premium, and interest payable thereon. Full defeasance The Issuer can, under particular circumstances, effect a full defeasance of the Notes. This means the Issuer