Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMERICAN FINANCE TRUST, INC.

(AFIN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

American Finance Trust : Announces Pricing of $500 Million of Senior Notes (Form 8-K)

09/30/2021 | 05:02pm EST

American Finance Trust, Inc. Announces

Pricing of $500 Million of Senior Notes

NEW YORK, September 30, 2021 - American Finance Trust, Inc. ("AFIN" or the "Company") (Nasdaq: AFIN) today announced that the Company and American Finance Operating Partnership, L.P. , the Company's operating partnership subsidiary (the "Operating Partnership" and, together with the Company, the "Issuers"), priced $500 million aggregate principal amount of new 4.50% Senior Notes due 2028 (the "Notes"). The Notes will be guaranteed on a senior unsecured basis by each of the Company's subsidiaries that are guarantors under the Operating Partnership's senior unsecured revolving credit facility (the "Credit Facility").

The issuance of the Notes is expected to close on or about October 7, 2021, subject to customary closing conditions. The Issuers intend to use proceeds from the offering to repay amounts borrowed under the Credit Facility of approximately $186.2 million, repay $125 million of certain mortgage notes, to fund future property acquisitions and for other general corporate purposes.

The Notes and related guarantees were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The Notes and related guarantees have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities, in any jurisdiction in which such offer, solicitation or sale is unlawful.

About American Finance Trust, Inc.

AFIN (Nasdaq: "AFIN") is an externally managed REIT focusing on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution-related commercial real estate properties located primarily in the United States. Additional information about AFIN can be found on its website at www.americanfinancetrust.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We caution you that any forward-looking statements included in this press release are based on the Company's current views and information currently available to us. Forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties are described in more detail in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2020 filed on February 25, 2021, the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 and all other filings with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated from time to time in the Company's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law.

Contacts:

Investors and Media:

Email: investorrelations@americanfinancetrust.com

Phone: (866) 902-0063

Disclaimer

American Finance Trust Inc. published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 21:01:11 UTC.


ę Publicnow 2021
All news about AMERICAN FINANCE TRUST, INC.
01/18AMERICAN FINANCE TRUST : CEO DISCUSSES BRICK & MORTAR RETAIL ON NAREIT'S REIT REPORT PODCA..
PU
01/18AMERICAN FINANCE TRUST, INC : Regulation FD Disclosure, Financial Statements and Exhibits ..
AQ
01/11AMERICAN FINANCE TRUST : COMPLETES $180 MILLION IN ACQUISITIONS, 1.7 MILLION SQUARE FEET O..
PU
01/11AMERICAN FINANCE TRUST, INC : Regulation FD Disclosure, Other Events, Financial Statements..
AQ
01/07American Finance Trust Completes Sale of Office Buildings for $261 Million
MT
01/07AMERICAN FINANCE TRUST : COMPLETES PREVIOUSLY ANNOUNCED $261 MILLION SALE OF OFFICE BUILDI..
PU
01/07AMERICAN FINANCE TRUST, INC : Regulation FD Disclosure, Financial Statements and Exhibits ..
AQ
01/06An unknown buyer completed the acquisition of non-core portfolio of three office buildi..
CI
01/05AMERICAN FINANCE TRUST : INDEPENDENT AUDITORS' REPORT - Form 8-K
PU
01/05AMERICAN FINANCE TRUST, INC : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
More news
Analyst Recommendations on AMERICAN FINANCE TRUST, INC.
More recommendations
Financials (USD)
Sales 2021 341 M - -
Net income 2021 -30,2 M - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 10,2%
Capitalization 1 024 M 1 024 M -
Capi. / Sales 2021 3,00x
Capi. / Sales 2022 2,54x
Nbr of Employees -
Free-Float -
Chart AMERICAN FINANCE TRUST, INC.
Duration : Period :
American Finance Trust, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMERICAN FINANCE TRUST, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 8,32 $
Average target price 11,00 $
Spread / Average Target 32,2%
Managers and Directors
Edward Michael Weil Chairman, President & Chief Executive Officer
Jason F. Doyle Chief Financial Officer, Secretary & Treasurer
Lisa D. Kabnick Lead Independent Director
Stanley R. Perla Independent Director
Leslie D. Michelson Independent Director