Broadstone Net Lease Closes $350 Million Senior Notes Offering to Fund Acquisition Opportunities and Debt Repayment

Broadstone Net Lease has completed a $350 million senior notes offering, with the proceeds to be used to fund potential acquisition opportunities and repay outstanding debts. The 5.000% senior unsecured notes due 2032 were priced at 99.151% of the principal amount. J.P. Morgan Securities, Truist Securities, and U.S. Bancorp Investments acted as joint lead book-running managers for the offering.

Broadstone Net Lease, Inc. (NYSE: BNL) has successfully completed a $350 million offering of 5.000% senior unsecured notes due 2032. The notes were priced at 99.151% of their principal amount and will mature on November 1, 2032. This financing round was led by J.P. Morgan Securities LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc. Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering^[1]

The funds raised will be used to finance potential acquisition opportunities, repay amounts outstanding under BNL’s $1 billion revolving credit facility, term loans, and other indebtedness, as well as for general corporate and working capital purposes. The offering was made under a shelf registration statement filed with the Securities and Exchange Commission (SEC) on May 3, 2024, which became effective upon filing. The prospectus and related documents are available on the SEC’s website at www.sec.gov Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering^[1].

Broadstone Net Lease is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis. As of June 30, 2025, BNL’s portfolio consisted of 766 individual net leased commercial properties, located in 44 U.S. states and seven Canadian provinces, across various property types. The company’s investment strategy is underpinned by strong fundamental credit analysis and prudent real estate underwriting Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering^[1].

The completion of this offering underscores BNL’s financial flexibility and commitment to strategic growth. The company’s forward-looking statements, however, should be reviewed with caution, as they are subject to various risks and uncertainties, including market conditions, interest rates, and competition Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering^[1].