American Fin Tr Inc - Ordinary Shares - Class A

NASDAQ:AFIN  
8.32
-0.07 (-0.83%)
Debt Financing / Related

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

Published: 12/20/2021 14:04 GMT
American Fin Tr Inc - Ordinary Shares - Class A (AFIN) - 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.