Broadstone Net Lease, a single-tenant commercial net lease REIT with 633 properties in the US and Canada, raised $570 million by offering 33.5 million shares at $17, the low end of the range of $17 to $19. The company plans to offer a 5.9% yield based on the offering price.
Broadstone Net Lease plans to list on the NYSE under the symbol BNL. J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities and Truist Securities acted as lead managers on the deal.
