Brief: American Finance Trust To Acquire A $1.3 Bln Portfolio Of Power, Anchored And Grocery Centers

Necessity Retail REIT

20/12/2021 13:58

Dec 20 (Reuters) - American Finance Trust Inc  AFIN.O :
    * AMERICAN FINANCE TRUST TO ACQUIRE A $1.3 BILLION PORTFOLIO
OF
POWER, ANCHORED AND GROCERY CENTERS
    * AMERICAN FINANCE TRUST - DEAL EXPECTED TO BE ACCRETIVE TO
AFFO
PER SHARE IMMEDIATELY UPON CLOSING
    * AMERICAN FINANCE TRUST - IN CONNECTION WITH TRANSACTION,
CO WILL
CHANGE ITS NAME AND BE REBRANDED AS "NECESSITY RETAIL REIT WHERE
AMERICA SHOPS"
    * AMERICAN FINANCE TRUST - ACQUISITION IS EXPECTED TO BE
FUNDED
THROUGH A COMBINATION, OF CASH, BORROWINGS UNDER CO'S CREDIT
FACILITY
    * AMERICAN FINANCE - ACQUISITION IS EXPECTED TO BE FUNDED
THROUGH
COMBINATION OF PROPERTY LEVEL DEBT, $53 MILLION OF EQUITY
ISSUANCE TO SELLERS
    * AMERICAN FINANCE TRUST - CLASS A COMMON STOCK WILL BEGIN
TRADING
ON NASDAQ UNDER TICKER SYMBOL RTL

Source text for Eikon:  ID:nPn2wM2b6a 
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