Broadstone Net Lease, Inc. 8K

Broadstone Net Lease, Inc. has entered into an ISDA-based forward share sale agreement with Morgan Stanley & Co. LLC for up to 5.5 million BNL shares, allowing Broadstone to raise equity capital at a future date under specified forward pricing, settlement, and hedging terms.

Broadstone Net Lease, Inc. entered into a forward share sale (share forward transaction) with Morgan Stanley & Co. LLC covering initially 5,500,000 shares of its common stock (ticker BNL), pursuant to which Morgan Stanley, as dealer, will borrow and sell BNL shares into the market and Broadstone will later settle the transaction in cash, net shares, or physical delivery of newly issued shares at a forward price starting at $19.7825 per share, adjusted over time by a financing rate, scheduled reductions, and various market and corporate action provisions. The confirmation, effective on or after August 10, 2026 subject to underwriting-related conditions, is structured under a deemed ISDA 2002 Master Agreement and includes detailed terms for settlement elections, unwind mechanics, ownership and stock borrow constraints, acceleration and termination events (including stock borrow events, extraordinary dividends, hedging disruptions, mergers, delistings, and ownership limits), as well as representations, indemnities, and covenants to ensure compliance with securities laws, Rule 10b‑18 and Rule 10b5‑1, and to facilitate resale or private placement of any restricted shares delivered in settlement.

Filing Facts

CIK

1424182

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-342612

Alert Tier

7