News | August 10, 2022

Broadstone Net Lease, Inc. Announces Pricing of Public Offering of Common Stock

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL), (“BNL”), today announced the pricing of an underwritten public offering of 13,000,000 shares of its Common Stock, at a price to the public of $21.35 per share, less underwriting discounts and commissions, in connection with the forward sale agreements described below. The underwriters also have been granted a 30-day option to purchase up to an additional 1,950,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The closing of the offering is expected to occur on August 12, 2022, subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, BMO Capital Markets, J.P. Morgan, and Truist Securities are acting as joint book-running managers of the offering.

To download a PDF of the full release, click here.

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