Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 19

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 19
---
 net proceeds to us from the sale of the notes offered hereby are expected to be approximately $538.3 million, after deducting the underwriting discount and our
estimated offering expenses.

We intend to use the net proceeds from this offering to repay the outstanding principal balance of our unsecured revolving credit
facility and the remaining amount of net proceeds for general business purposes, which may include funding our ongoing pipeline of acquisition and build-to-suit
projects. Pending application of any portion of the net proceeds from this offering to the uses described above, we may invest such proceeds in interest-bearing accounts and short-term interest-bearing securities which are consistent with our
qualification as a REIT under the Code.

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 October 31, 2025, we had approximately
$368.0 million of indebtedness outstanding under our unsecured revolving credit facility with an interest rate of 5.29%.

As discussed above, the net proceeds
from this offering will be used to reduce amounts outstanding under our unsecured revolving credit facility. Certain of the