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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/14/20 American Finance Trust, Inc. 424B5 1:1M Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus - Primary Offering or Shelf Securities HTML 662K - New Facts or Events
tm2038217-1_424b5 - none - 13.4653608s |
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Per Share
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Total(2)
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Public offering price(1)
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| | | $ | | | | | $ | | | ||
Underwriting discount
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| | | $ | | | | | $ | | | ||
Proceeds, before expenses, to us
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| | | $ | | | | | $ | | |
| BMO Capital Markets | | |
B. Riley Securities
|
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Truist Securities
|
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| D.A. Davidson & Co. | | |
Janney Montgomery Scott
|
| |
Ladenburg Thalmann
|
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William Blair
|
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| Boenning & Scattergood | | |
National Securities
|
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Page
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PROSPECTUS SUPPLEMENT
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| | | | S-ii | | | |
| | | | S-iii | | | |
| | | | S-1 | | | |
| | | | S-1 | | | |
| | | | S-3 | | | |
| | | | S-10 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-17 | | | |
| | | | S-29 | | | |
| | | | S-33 | | | |
| | | | S-37 | | | |
| | | | S-37 | | | |
| | | | S-38 | | | |
| | | | S-39 | | |
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Page
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BASIS OF PRESENTATION
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As of September 30, 2020
(unaudited) |
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Actual
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Pro Forma
As Adjusted |
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($ in thousands, except per
share data) |
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Cash and cash equivalents
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| | | $ | 86,265 | | | | | $ | | | |
Restricted cash
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| | | | 13,306 | | | | | | 13,306 | | |
Debt: | | | | | | | | | | | | | |
Mortgage notes payable, net
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| | | $ | 1,494,966 | | | | | $ | 1,494,966 | | |
Credit Facility
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| | | | 305,857 | | | | | | 305,857 | | |
Total debt
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| | | $ | 1,800,823 | | | | | $ | 1,800,823 | | |
Stockholders’ equity: | | | | | | | | | | | | | |
Series A Preferred Stock, $0.01 par value per share, liquidation preference $25.00 per share, 8,796,000 shares authorized, actual and pro forma as adjusted; 7,719,689 shares issued and outstanding, actual and pro forma as adjusted
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| | | $ | 77 | | | | | $ | 77 | | |
Series B Preferred Stock, $0.01 par value per share, 120,000 shares authorized, actual and pro forma as adjusted; no shares issued and outstanding, actual and pro forma as adjusted
|
| | | | — | | | | | | — | | |
Series C Preferred Stock, $0.01 par value per share, liquidation preference
$25.00 per share, no shares authorized, issued and outstanding, actual; shares authorized, and shares issued and outstanding, pro forma as adjusted |
| | | | — | | | | | | | | |
Common stock, $0.01 par value per share, 300,000,000 shares authorized, 108,837,209 shares issued and outstanding, actual and pro forma as adjusted
|
| | | | 1,088 | | | | | | 1,088 | | |
Additional paid-in capital
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| | | | 2,635,276 | | | | | | | | |
Accumulated other comprehensive loss
|
| | | | (546) | | | | | | (546) | | |
Accumulated deficit
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| | | | (1,047,227) | | | | | | (1,047,227) | | |
Total stockholders’ equity
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| | | | 1,588,668 | | | | | | | | |
Non-controlling interest
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| | | | 27,568 | | | | | | 27,568 | | |
Total equity
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| | | $ | 1,616,236 | | | | | | | | |
Total capitalization
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| | | $ | 3,417,059 | | | | | | | | |
Underwriter
|
| |
Number of
Shares |
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BMO Capital Markets Corp.
|
| | | | | | |
B. Riley Securities, Inc.
|
| | | | | | |
Truist Securities, Inc.
|
| | | | | | |
D.A. Davidson & Co.
|
| | | | | | |
Janney Montgomery Scott LLC
|
| | | | | | |
Ladenburg Thalmann & Co., Inc.
|
| | | | | | |
William Blair & Company, L.L.C.
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Boenning & Scattergood, Inc.
|
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National Securities Corporation
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Total
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No Exercise
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Full Exercise
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Per share
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| | | $ | | | | | | $ | | | |
Total
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| | | $ | | | | | | $ | | | |
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Page
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Year Ended December 31,
|
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(Dollars in Thousands)
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2017
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2016
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2015
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2014
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Earnings: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss)
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| | | $ | 15,431 | | | | | $ | (46,577) | | | | | $ | (54,255) | | | | | $ | (21,117) | | | | | $ | (1,997) | | | | | $ | (20,797) | | |
Add: Interest expense
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| | | | 15,604 | | | | | | 57,839 | | | | | | 49,814 | | | | | | 43,000 | | | | | | 29,174 | | | | | | 194 | | |
Amortization of deferred costs
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| | | | 1,362 | | | | | | 6,693 | | | | | | 8,650 | | | | | | 12,663 | | | | | | 4,588 | | | | | | 291 | | |
Amortization of mortgage premiums on borrowings
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| | | | (835) | | | | | | (4,096) | | | | | | (4,211) | | | | | | (7,208) | | | | | | (6,097) | | | | | | — | | |
Earnings
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| | | $ | 31,562 | | | | | $ | 13,859 | | | | | $ | (2) | | | | | $ | 27,338 | | | | | $ | 25,668 | | | | | $ | (20,312) | | |
Fixed Charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
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| | | $ | 15,604 | | | | | $ | 57,839 | | | | | $ | 49,814 | | | | | $ | 43,000 | | | | | $ | 29,174 | | | | | $ | 194 | | |
Amortization of deferred costs
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| | | | 1,362 | | | | | | 6,693 | | | | | | 8,650 | | | | | | 12,663 | | | | | | 4,588 | | | | | | 291 | | |
Amortization of mortgage premiums on borrowings
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| | | | (835) | | | | | | (4,096) | | | | | | (4,211) | | | | | | (7,208) | | | | | | (6,097) | | | | | | — | | |
Fixed Charges
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| | | $ | 16,131 | | | | | $ | 60,436 | | | | | $ | 54,253 | | | | | $ | 48,455 | | | | | $ | 27,665 | | | | | $ | 485 | | |
Preferred distributions
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| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Combined fixed charges
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| | | $ | 16,131 | | | | | $ | 60,436 | | | | | $ | 54,253 | | | | | $ | 48,455 | | | | | $ | 27,665 | | | | | $ | 485 | | |
Ratio of earnings to fixed charges
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| | | | 1.96 | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | |
Ratio of earnings to combined fixed charges
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| | | | 1.96 | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | |
This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/1/26 | ||||
12/31/25 | ||||
3/26/24 | ||||
4/15/21 | 3, 4 | |||
3/31/21 | 10-Q | |||
12/31/20 | 10-K | |||
Filed on: | 12/14/20 | 8-K, FWP | ||
12/2/20 | ||||
9/30/20 | 10-Q | |||
6/30/20 | 10-Q | |||
3/31/20 | 10-Q | |||
12/31/19 | 10-K | |||
7/21/19 | ||||
1/15/19 | ||||
12/31/18 | 10-K | |||
10/17/18 | 8-K | |||
7/20/18 | 8-K, S-3ASR | |||
7/19/18 | 4, 8-K, 8-K/A | |||
7/18/18 | 8-A12B, CERT | |||
3/31/18 | 10-Q | |||
1/1/18 | ||||
12/31/17 | 10-K, 10-K/A | |||
2/16/17 | 3, 4, 8-K, 8-K/A | |||
12/31/16 | 10-K | |||
12/31/15 | 10-K | |||
1/1/15 | ||||
12/31/14 | 10-K, 8-K, NT 10-K | |||
12/31/13 | 10-K | |||
1/22/13 | ||||
List all Filings |