Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering

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VICTOR, N.Y.--(BUSINESS WIRE)--Sep 26, 2025--

Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL,” the “Company,” “we,” “our,” or “us”), today announced that Broadstone Net Lease, LLC, its operating partnership (the “issuer” or the “OP”), has completed its public offering of $350 million aggregate principal amount of 5.000% senior unsecured notes due 2032 (the “Notes”). The Notes were priced at 99.151% of the principal amount and will mature on November 1, 2032. The Notes are senior unsecured obligations of the OP and are guaranteed by BNL.

BNL intends to use a portion of the net proceeds from the offering of the Notes to fund potential acquisition opportunities, to repay amounts outstanding under BNL’s $1 billion revolving credit facility, term loans and other indebtedness, and for other general corporate and working capital purposes.

J.P. Morgan Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. acted as joint lead book-running managers for the offering. BMO Capital Markets Corp., TD Securities (USA) LLC, Morgan Stanley & Co. LLC, M&T Securities, Inc., KeyBanc Capital Markets Inc., Capital One Securities, Inc. and Regions Securities LLC acted as joint book-running managers for the offering. Huntington Securities, Inc., Mizuho Securities USA LLC, Samuel A. Ramirez & Company, Inc. and Roberts & Ryan, Inc. acted as co-managers for the offering.

A shelf registration statement (including a prospectus) relating to these securities was filed on May 3, 2024 with the Securities and Exchange Commission (the “SEC”) and automatically became effective upon filing. The offering was made only by means of a prospectus and the related prospectus supplement, copies of which and the documents incorporated by reference therein are available at no charge on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and the related prospectus supplement may be obtained, when available, from: J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk, telephone: 212-834-4533; Truist Securities, Inc., 740 Battery Avenue SE, 3rd Floor, Atlanta, GA 30339, Attn: Prospectus Department, or by telephone at (800) 685-4786, or by email at [email protected]; or U.S. Bancorp Investments, Inc., 214 N. Tryon St., 26th Floor, Charlotte, NC 28202, Attention: Credit Fixed Income, or by telephone at (877) 558-2607.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Broadstone Net Lease, Inc.

BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of June 30, 2025, BNL’s diversified portfolio consisted of 766 individual net leased commercial properties with 759 properties located in 44 U.S. states and seven properties located in four Canadian provinces across industrial, retail, and other property types.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “outlook,” “potential,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “expect,” “intends,” “anticipates,” “estimates,” “plans,” “would be,” “believes,” “continues,” or the negative version of these words or other comparable words. The forward-looking statements may include statements as to the Company’s Notes offering, the expected net proceeds from the offering and the anticipated use of the net proceeds of the offering. These and other risks, assumptions, and uncertainties are described in Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which the Company filed with the SEC on February 20, 2025, and the Company’s Quarterly Reports on Form 10-Q for the quarter ended March 31, 2025, which was filed with the SEC on May 1, 2025, which you are encouraged to read, and will be available on the SEC’s website at www.sec.gov. Please note that such Risk Factors will be updated, if necessary, through the filing of Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250926055837/en/

CONTACT: Company Contact:

Brent Maedl

Director, Corporate Finance & Investor Relations

[email protected]

585.382.8507

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: REIT FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY

SOURCE: Broadstone Net Lease, Inc.

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PUB: 09/26/2025 04:15 PM/DISC: 09/26/2025 04:16 PM

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