The company plans to allocate the net proceeds primarily toward retiring its existing 4.250% senior notes that mature in October 2026. Remaining capital will support general corporate activities, including funding new investments and reducing outstanding balances on the firm's unsecured revolving credit facility. Interest payments on the new debt will commence on March 15, 2027, occurring semi-annually thereafter.
Wells Fargo Securities, RBC Capital Markets, U.S. Bancorp Investments, and BBVA Securities served as joint book-running managers for the offering. The securities were issued under an effective registration statement filed with the Securities and Exchange Commission, with full details available through the company’s official prospectus.
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