Entertainment Properties Trust Prices Offering of
Senior Notes
June 25, 2010 02:23 PM Eastern Daylight Time
KANSAS CITY, Mo.--(EON: Enhanced Online News)--Entertainment Properties Trust (NYSE:EPR) (the
“Company”) announced today that it has priced its offering of $250 million in aggregate principal amount of 7.750%
senior notes due 2020 (the "notes"). The notes will be sold at a price equal to 98.290% of their principal amount.
The notes will be guaranteed by certain of the Company's subsidiaries. The offering is expected to close on June 30,
2010, subject to the satisfaction or waiver of customary closing conditions.
The Company intends to close a new $320 million unsecured revolving credit facility simultaneously with the offering.
The Company intends to use the net proceeds from the offering and from the new unsecured revolving credit facility
to repay the entire outstanding balance of its existing secured revolving credit facility, to repay in full its existing term
loan credit facility, to repay in full its Toronto Dundas Square credit facility, and to pay fees and expenses associated
with the early repayment of such facilities.
The notes will be offered only to qualified institutional buyers under Rule 144A under the Securities Act and to non-
U.S. persons outside the United States under Regulation S under the Securities Act. The notes and related
guarantees to be offered have not been registered under the Securities Act or the securities laws of any other place
and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the notes nor shall there be
any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securitie