Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 16

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 16
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 from this offering to the uses described above, we may invest such
proceeds in interest-bearing accounts and short-term interest-bearing securities that are consistent with our qualification as a REIT under the Code. The precise amount and timing of the application of the net proceeds will depend upon our capital
requirements and the availability of other funds.

Our unsecured revolving credit facility bears interest based on either a daily floating rate or a term rate, at
our option. Interest rates for daily floating rate loans denominated in U.S. dollars may be based on a base rate or a Secured Overnight Financing Rate (“SOFR”) rate, in each case, plus an applicable margin based on our credit ratings
(ranging from 0 to 40 basis points and 72.5 to 140 basis points in the case of floating base rate loans and floating SOFR loans, respectively). Interest rates for term loans denominated in U.S. dollars are based on a term SOFR, with an interest
period of one-month, three-months or six-months, at our option, plus an applicable margin based on our credit ratings ranging from 72.5 to 140 basis points. The
“base rate” is defined as the greater of (i) the prime rate, (ii) the federal funds rate plus 50 basis points, (iii) the then-current one-month term SOFR plus 100 basis points or
(iv) 100 basis points, all on a per annum basis. Non-U.S. dollar denominated loans bear interest at different rates, depending on the applicable currency. The unsecured revolving credit facility matures on
October 2, 2028, with two six-month extensions (for a maximum total of 12 months) exercisable at our option, subject to certain terms and conditions, including payment of an extension fee. At
December 4, 2025, we had no outstanding balance under our unsecured revolving credit facility.

We will not initially receive any proceeds from any sale of
borrowed common shares by a Forward Seller in connection with any forward sale agreement. We expect to fully physically settle each particular forward sale agreement, in which case we expect to receive aggregate net cash proceeds at settlement equal
to the number of shares underlying the particular forward sale agreement multiplied by the relevant forward sale price. However, subject to certain exceptions, we may also elect to cash settle or net share settle a particular forward sale agreement,
in which case we may not receive any proceeds (in the case of cash settlement)