American Finance Trust, Inc.

Overview

Deal Type Debt Capital Markets
Size $500 Million
Senior Notes
Client & Transactional Partners American Finance Trust, Inc.
Our Role Left Bookrunner

Summary

On September 30, 2021, KeyBanc Capital Markets (“KBCM”) acted as Left Lead Bookrunner on American Finance Trust, Inc.’s (“AFIN” or the “Company”) inaugural $500 Million Senior Notes (the “Notes”) offering. The Notes, which priced at par for a coupon of 4.50%, will be used to fully repay borrowings under the Revolving Credit Facility, repay certain Mortgage Notes, to fund future property acquisitions and for other general corporate purposes. Leading up to the deal’s launch, KBCM lead the rating agency process and subsequently conducted several non-deal roadshow meetings to gauge interest in the transaction. KBCM was mandated as Left Lead Bookrunner on AFIN’s inaugural transaction due to its industry expertise, consistent pitching efforts, its strong relationships with high yield accounts, and past performance on high yield offerings.

American Finance Trust is an externally managed, Nasdaq-listed REIT that focuses on acquiring and managing a diversified portfolio of primarily service-oriented, traditional retail and distribution-related commercial real estate properties located primarily in the United States. As of June 30, 2021, AFIN owned 939 properties consisting of 19.9 Million rentable square feet, which were 94.9% leased, with a weighted-average remaining lease term of 8.5 years. The Company is externally managed by AR Global, a leading full-service asset management platform that acquires, owns and operates properties in the United States and Western Europe.

Recent Deals

September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

welltower-1
September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower
September 2022

OMNI

$27 Million

Vitalia Senior Residences, Ohio

Life Company

omni
August 2022

Ventana al Sur

$49.3 Million

New Construction of Seniors Housing

Construction

ventana-al-sur
August 2022

 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

ring-energy-inc-
August 2022

Claysburg II Tower 

$21 Million

Private Placement Permanent Loan to finance acquisition and rehabilitation of Claysburg II Tower

Private Placement

claysburg-ii-tower
August 2022

Cadenza 

$28.5 Million

New construction of 160 affordable units

Bridge
Construction
Low Income Housing Tax Credits

cadenza-at-hacienda-lakes
August 2022

 

$3 Billion

Senior Secured Credit Facility; Term Loan

Joint Lead Arranger
Joint Bookrunner
Documentation Agent

Debt Capital Markets

earthstone-energy-inc-
August 2022


$124 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Sole Bookrunner
Administrative Agent
Depository Bank
Collateral Agent
Issuing Bank

Debt Capital Markets

amp-energy
August 2022

 

$1.5 Billion

Senior Secured Credit Facility

Administrative Agent
Coordinating Lead Arranger
Sole Bookrunner

Debt Capital Markets

diversified-energy-company-plc-1
July 2022

 

$280 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

Debt Capital Markets

intralot-inc-
July 2022

has acquired

 

$75.8 Million

Senior Secured Credit Facilities

Debt Advisor

Debt Capital Markets
Mergers & Acquisitions

traffic-control-&-protection-inc
July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

lofts-on-main
July 2022

 

$10 Million

Senior Secured Credit Facilities

Sole Lender

rudis
June 2022

 

$126.9 Million

Educational Facilities Revenue Bonds

Sole Manager

Debt Capital Markets

depauw-university

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