Amendment No. 1 to the Distribution Agreement, dated as of February 16, 2024, by and among Getty Realty Corp. and each of J.P. Morgan Securities LLC, JPMorgan Chase Bank, National Association, BofA Securities, Inc., Bank of America, N.A., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Robert W. Baird & Co. Incorporated, BTIG, LLC, Nomura Global Financial Products, Inc., Nomura Securities International, Inc., Capital One Securities, Inc., Citizens JMP Securities, LLC, TD Securities (USA) LLC and The Toronto-Dominion Bank
Exhibit 1.2
Getty Realty Corp.
$350,000,000
Shares of Common Stock
($0.01 par value)
Amendment No. 1 to the Distribution Agreement
February 16, 2024
J.P. Morgan Securities LLC 383 Madison Avenue, 6th Floor New York, New York 10179
Goldman Sachs & Co. LLC 200 West Street New York, New York 10282
Robert W. Baird & Co. Incorporated 777 E. Wisconsin Avenue Milwaukee, Wisconsin 53202
Capital One Securities, Inc. 299 Park Avenue, 29 & 31 Floor New York, New York 10167
TD Securities (USA) LLC 1 Vanderbilt Avenue New York, NY 10017 | BofA Securities, Inc. One Bryant Park New York, New York 10036
KeyBanc Capital Markets Inc. 127 Public Square, 7th Floor Cleveland, Ohio 44114
BTIG, LLC 65 East 55th Street New York, New York 10022
Citizens JMP Securities, LLC 600 Montgomery Street, Suite 1100 San Francisco, California 94111 | |
As Agents | ||
JPMorgan Chase Bank, National Association 383 Madison Avenue, 6th Floor New York, NY 10179
Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
The Toronto-Dominion Bank c/o TD Securities (USA) LLC, as agent 1 Vanderbilt Avenue New York, NY 10017 | Bank of America, N.A. One Bryant Park New York, NY 10036
KeyBanc Capital Markets Inc. 127 Public Square, 7th Floor Cleveland, Ohio 44114 |
As Initial Forward Purchasers | ||
J.P. Morgan Securities LLC 383 Madison Avenue, 6th Floor New York, New York 10179
Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
TD Securities (USA) LLC 1 Vanderbilt Avenue New York, NY 10017 | BofA Securities, Inc. One Bryant Park New York, NY 10036
KeyBanc Capital Markets Inc. 127 Public Square, 7th Floor Cleveland, Ohio 44114 | |
As Initial Forward Sellers | ||
Robert W. Baird & Co. Incorporated 777 E. Wisconsin Avenue Milwaukee, Wisconsin 53202
Nomura Global Financial Products, Inc. 309 West 49th Street New York, NY 10019 | Citizens JMP Securities, LLC 450 Park Avenue, 5th Floor New York, NY 10022 | |
As Additional Forward Purchasers | ||
Robert W. Baird & Co. Incorporated 777 E. Wisconsin Avenue Milwaukee, Wisconsin 53202
Nomura Securities International, Inc. 309 West 49th Street New York, NY 10019 | Citizens JMP Securities, LLC 450 Park Avenue, 5th Floor New York, NY 10022 | |
As Additional Forward Sellers |
AMENDMENT NO. 1 TO THE DISTRIBUTION AGREEMENT, dated as of February 16, 2024 (this Amendment), by and between Getty Realty Corp., a corporation organized under the laws of Maryland (the Company), J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Robert W. Baird & Co. Incorporated, BTIG, LLC, Capital One Securities, Inc., Citizens JMP Securities, LLC and TD Securities (USA) LLC (each, in its capacity as sales agent and/or in its capacity as principal, an Agent or collectively, the Agents), JPMorgan Chase Bank, National Association, Bank of America, N.A., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc. and The Toronto-Dominion Bank (each, in its capacity as purchaser under any Forward Contract (as defined in the Distribution Agreement), an Initial
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Forward Purchaser or collectively, the Initial Forward Purchasers), J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc. and TD Securities (USA) LLC (each, in its capacity as agent for its affiliated Initial Forward Purchaser in connection with the offering and sale of any Forward Hedge Shares (as defined in the Distribution Agreement), an Initial Forward Seller or collectively, the Initial Forward Sellers), Robert W. Baird & Co. Incorporated, Citizens JMP Securities, LLC and Nomura Global Financial Products, Inc. (each, in its capacity as purchaser under any Forward Contract (as defined in the Distribution Agreement), an Additional Forward Purchaser or collectively, the Additional Forward Purchasers, and together with the Initial Forward Purchasers, the Forward Purchasers and each a Forward Purchaser) and Robert W. Baird & Co. Incorporated, Citizens JMP Securities, LLC and Nomura Securities International, Inc. (acting through BTIG, LLC, as agent) (each, in its capacity as agent for its affiliated Additional Forward Purchaser in connection with the offering and sale of any Forward Hedge Shares, an Additional Forward Seller or collectively, the Additional Forward Sellers and together with the Initial Forward Sellers, the Forward Sellers and each a Forward Seller).
W I T N E S S E T H
WHEREAS, the Company, the Agents, the Initial Forward Purchasers and the Initial Forward Sellers are parties to that certain Distribution Agreement, dated as of February 24, 2023 (the Distribution Agreement); and
WHEREAS, the Company, the Agents, the Initial Forward Purchasers and the Initial Forward Sellers have agreed to amend the Distribution Agreement solely to add the Additional Forward Purchasers and the Additional Forward Seller as Forward Purchasers and Forward Sellers, respectively, under the Distribution Agreement.
NOW, THEREFORE, in consideration of the premises herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1. | Effective as of February 16, 2024: |
(a) | The introductory paragraph of the Distribution Agreement, shall be, and it hereby is, amended and restated in its entirety as follows: |
Getty Realty Corp., a Maryland corporation (the Company), confirms its agreement with each of J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., Robert W. Baird & Co. Incorporated, BTIG, LLC, Capital One Securities, Inc., Citizens JMP Securities, LLC and TD Securities (USA) LLC (each, in its capacity as sales agent in connection with the offering and sale of Issuance Shares (as defined below) hereunder, and/or in its capacity as principal under any Terms Agreement (as defined in Section 1(a) below), an Agent or collectively, the Agents), JPMorgan Chase Bank, National Association, Bank of America, N.A., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., The Toronto-Dominion Bank, Robert W. Baird & Co. Incorporated, Citizens JMP Securities, LLC and Nomura Global Financial Products, Inc. (each, in its capacity as purchaser under any Forward Contract
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(as defined in Section below), a Forward Purchaser or collectively, the Forward Purchasers) and J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., TD Securities (USA) LLC, Robert W. Baird & Co. Incorporated, Citizens JMP Securities, LLC and Nomura Securities International, Inc. (acting through BTIG, LLC, as agent) (each, in its capacity as agent for its affiliated Forward Purchaser in connection with the offering and sale of any Forward Hedge Shares (as defined below), a Forward Seller or collectively, the Forward Sellers), with respect to the offering and/or issuance and sale from time to time, in the manner and subject to the terms and conditions described below in this Distribution Agreement (this Agreement), of shares of common stock, $0.01 par value per share (the Common Stock), of the Company having an aggregate actual gross sales price (the Gross Sales Price) of up to $350,000,000 (the Maximum Amount) on the terms set forth in Section 1 of this Agreement. The Issuance Shares (as defined below) and the Forward Hedge Shares (as defined below) offered and sold pursuant to this Agreement shall be referred to herein as the Shares.
(b) | Section 10. Notices of the Distribution Agreement, shall be, and it hereby is, amended and restated in its entirety as follows: |
All notices and other communications under this Agreement and any Terms Agreement shall be in writing and shall be deemed to have been duly given if mailed or transmitted and confirmed by any standard form of communication, and, if to the Agents, Forward Purchasers or Forward Sellers shall be sufficient in all respects if delivered or sent to (i) J.P. Morgan Securities LLC at 383 Madison Avenue, 6th Floor, New York, New York 10179, Attn: Special Equities Group, Sanjeet Dewal (email: ***@***); (ii) BofA Securities, Inc. at One Bryant Park, New York, New York 10036, Attn: ATM Execution (email: ***@***), with a copy to ECM Legal (Fax: (212) 230-8730); (iii) Goldman Sachs & Co. LLC at 200 West Street, New York, New York 10282, Attn: Michael Voris and Ryan Cunn, Equity Capital Markets (emails: ***@***; ***@***); (iv) KeyBanc Capital Markets Inc. at 127 Public Square, 7th Floor, Cleveland, Ohio 44114, Attn: Jaryd Banach (email: ***@***), John Horrigan (email: ***@***), Michael Jones (email ***@***), and John Salisbury (email: ***@***); (v) Robert W. Baird & Co. Incorporated at 777 E. Wisconsin Avenue, Milwaukee, Wisconsin 53202, Attn: Syndicate Department (facsimile: (414) 298-7474), with a copy to the Legal Department; (vi) BTIG, LLC at 65 East 55th Street, New York, New York 10022, Attn: Equity Capital Markets (email ***@***) with a copy (which shall not constitute notice) to: 600 Montgomery Street, San Francisco, CA 94111, Attn: General Counsel and Chief Compliance Officer (emails: ***@*** and ***@***); (vii) Capital One Securities Inc. at 201 St. Charles Street, Suite 1830, New Orleans, Louisiana 70170, Attention Gabrielle Halprin (email:
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***@***); (viii) Citizens JMP Securities, LLC at 600 Montgomery Street, Suite 1100, San Francisco, California 94111, Attn: Equity Syndicate (email: ***@***), (ix) TD Securities (USA) LLC at 1 Vanderbilt Avenue, New York, NY 10017 Attn: Equity Capital Markets (email: ***@***); (x) Nomura Securities International, Inc. at 309 West 49th Street, New York, NY 10019, Attention: Structured Equity Solutions (email: ***@***) with a copy (which shall not constitute notice) to: 309 West 49th Street, New York, NY 10019, Attention: Equities Legal (email: ***@***) and to BTIG, LLC at the address provided for BTIG, LLC above; (xi) Nomura Global Financial Products, Inc. at 309 West 49th Street, New York, NY 10019, Attention: Structured Equity Solutions (email: ***@***) with a copy (which shall not constitute notice) to: 309 West 49th Street, New York, NY 10019, Attention: Equities Legal (email: ***@***) and to BTIG, LLC as its executing agent at the address provided for BTIG, LLC above; and, if to the Company, shall be sufficient in all respects if delivered or sent to it at Getty Realty Corp., Two Jericho Plaza, Suite 110, Jericho, New York 11753, Attn: Joshua Dicker, General Counsel (email: ***@***).
Notwithstanding the foregoing, Transaction Proposals shall be delivered by the Company to the Agents either by telephone (confirmed promptly by email) or email to the applicable Agent as follows: (i) if to J.P. Morgan Securities LLC, then to: Sanjeet Dewal (telephone number: (212) 622-8783; email: ***@***); Ara Movesian (telephone number: (212) 622-2619; email: ***@***); Jemil Salih (telephone number: (212) 622-2723; email: ***@***); (ii) if to BofA Securities, Inc., then to: Christine Roemer (telephone number: (646) 855-8901; email: ***@***); Rohan Handa (telephone number: (646) 855-8654; email: ***@***); (iii) if to Goldman Sachs & Co. LLC, then to: Michael Voris (telephone: (212) 902-4895, facsimile: (212) 291-5027, email: ***@***), Ryan Cunn (telephone: (212) 902-4895, facsimile: (212) 291-5027, email: ***@***), Equity Capital Markets (telephone: (212) 902-4895, facsimile: (212) 291-5027, email: ***@***, ***@***) and Registration Department (email: ***@***); (iv) if to KeyBanc Capital Markets Inc., then to: Jaryd Banach (telephone number: 212 ###-###-####, email: ***@***), John Horrigan (telephone number: 216 ###-###-####, email: ***@***), John Salisbury (telephone number: 216 ###-###-####, email: ***@***); and Michael Jones (telephone number: (216) 689-3910; email: ***@***); (v) if to Robert W. Baird & Co. Incorporated, then to: Sandy Walter (telephone number: (414) 559-3516; email: ***@***); Matt Gailey (telephone number: (847) 951-5526; email: ***@***); Barbara Nelson
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(telephone number: (414) 765-3787; email: ***@***); (vi) if to BTIG, LLC, then to: Anthony Wayne (telephone number: (415) 248-5401; email: ***@***), Michael Passaro (telephone number: (212) 882-2311; email: ***@***), BTIG US ATM TRADING (email: ***@***) BTIG Compliance (email: ***@***) and Carrie Taylor (email: ***@***); (vii) if to Capital One Securities, Inc., then to: Gabrielle Halprin (telephone number: (504) 528-9174; email: ***@***); (viii) if to Citizens JMP Securities, LLC, then to: Aidan Whitehead (telephone number: (415) 263-1676; email: ***@***), Eric Clark (telephone number: (415) 835-3941; email: ***@***), and Gianpaolo Arpaia (telephone number: (212) 906-3533, email: ***@***); (ix) if to TD Securities (USA) LLC, then to: Global Equity Derivatives (telephone number: (212) 827-7306, email: ***@***), and ATM Execution (email: ***@***); (x) if to Nomura Securities International, Inc. and Nomura Global Financial Products, Inc., (each to be provided notice only in the event of a Forward Placement Notice), then to Nomura Securities International, Inc., Attention: Structured Equity Solutions (email: ***@***) and Nomura Global Financial Products, Inc., Attention: Structured Equity Solutions (email: ***@***), with a copy to BTIG, LLC at the notice addresses for Transaction Proposals contained above in this paragraph; and Transaction Acceptances shall be delivered by the Agents, Forward Purchasers or Forward Sellers to the Company either by telephone (confirmed promptly by email) or email to Brian Dickman (telephone number: (646) 349-0452; email: ***@***) and Joshua Dicker (telephone number: (646) 349-0749; email: ***@***).
(c) | The following provision shall be added to Section 2(h) of the Distribution Agreement: |
Any Forward Placement Notice (or amendment thereto) delivered to Nomura Global Financial Products Inc. as Forward Purchaser and Nomura Securities International, Inc. (acting through BTIG, LLC as agent) as Forward Seller shall not be deemed accepted or agreed to until accepted or agreed to by each of Nomura Global Financial Products Inc., Nomura Securities International, Inc. and BTIG, LLC, and such Forward Placement Notice (or such amendment) shall not be effective against Nomura Global Financial Products Inc. and Nomura Securities International, Inc. until accepted by each of Nomura Global Financial Products Inc., Nomura Securities International, Inc. and BTIG, LLC. For the avoidance of doubt, each of Nomura Global Financial Products Inc., Nomura Securities International, Inc. and BTIG, LLC may, in its sole discretion, accept, agree to or reject any Forward Placement Notice (or amendment thereto).
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Except as expressly provided hereby, the parties further agree that all of the terms and provisions of the Distribution Agreement are and shall remain in full force and effect.
This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original, and all such counterparts shall together constitute one and the same instrument.
This Amendment shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed within the State of New York.
Capitalized terms used herein and not defined herein shall have the same meanings as in the Distribution Agreement.
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If the foregoing is in accordance with your understanding of our agreement, please so indicate in the space provided below for that purpose, whereupon this Amendment and your acceptance shall represent a binding agreement among the Company, the Agents, the Forward Sellers and the Forward Purchasers.
Very truly yours, | ||
GETTY REALTY CORP. | ||
By: | /s/ Brian Dickman | |
Name: | Brian Dickman | |
Title: | Chief Financial Officer |
The foregoing Amendment is hereby confirmed and accepted as of the date first written above. | ||
As Agents, | ||
J.P. MORGAN SECURITIES LLC | ||
By: | /s/ Sanjeet Dewal | |
Name: | Sanjeet Dewal | |
Title: | Managing Director | |
BOFA SECURITIES, INC. | ||
By: | /s/ Tim Olsen | |
Name: | Tim Olsen | |
Title: | Managing Director | |
GOLDMAN SACHS & CO. LLC | ||
By: | /s/ Ryan Cunn | |
Name: | Ryan Cunn | |
Title: | Managing Director | |
KEYBANC CAPITAL MARKETS INC. | ||
By: | /s/ Jaryd Banach | |
Name: | Jaryd Banach | |
Title: | Managing Director, Equity Capital Markets | |
ROBERT W. BAIRD & CO. INCORPORATED | ||
By: | /s/ Christopher Walter | |
Name: | Chistopher Walter | |
Title: | Managing Director |
BTIG, LLC | ||
By: | /s/ Anthony Wayne | |
Name: | Anthony Wayne | |
Title: | Managing Director, Head of Real Estate Investment Banking | |
CAPITAL ONE SECURITIES, INC. | ||
By: | /s/ Phil Winiecki | |
Name: | Phil Winiecki | |
Title: | Managing Director | |
CITIZENS JMP SECURITIES, LLC | ||
By: | /s/ Eric Clark | |
Name: | Eric Clark | |
Title: | Managing Director | |
TD SECURITIES (USA) LLC | ||
By: | /s/ Brad Limpert | |
Name: | Brad Limpert | |
Title: | Managing Director | |
As Forward Purchasers, | ||
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | ||
By: | /s/ Sanjeet Dewal | |
Name: | Sanjeet Dewal | |
Title: | Managing Director | |
BANK OF AMERICA, N.A. | ||
By: | /s/ Rohan Handa | |
Name: | Rohan Handa | |
Title: | Managing Director |
GOLDMAN SACHS & CO. LLC | ||
By: | /s/ Ryan Cunn | |
Name: | Ryan Cunn | |
Title: | Managing Director | |
KEYBANC CAPITAL MARKETS INC. | ||
By: | /s/ Jaryd Banach | |
Name: | Jaryd Banach | |
Title: | Managing Director, Equity Capital Markets | |
THE TORONTO-DOMINION BANK | ||
By: | /s/ Vanessa Simonetti | |
Name: | Vanessa Simonetti | |
Title: | Managing Director | |
NOMURA GLOBAL FINANCIAL PRODUCTS, INC. | ||
By: | /s/ Jeffrey Petillo | |
Name: | Jeffrey Petillo | |
Title: | Authorized Representative | |
ROBERT W. BAIRD & CO. INCORPORATED | ||
By: | /s/ Christopher Walter | |
Name: | Christopher Walter | |
Title: | Managing Director | |
CITIZENS JMP SECURITIES, LLC | ||
By: | /s/ Eric Clark | |
Name: | Eric Clark | |
Title: | Managing Director |
As Forward Sellers, | ||
J.P. MORGAN SECURITIES LLC | ||
By: | /s/ Sanjeet Dewal | |
Name: | Sanjeet Dewal | |
Title: | Managing Director | |
BOFA SECURITIES, INC. | ||
By: | /s/ Tim Olsen | |
Name: | Tim Olsen | |
Title: | Managing Director | |
GOLDMAN SACHS & CO. LLC | ||
By: | /s/ Ryan Cunn | |
Name: | Ryan Cunn | |
Title: | Managing Director | |
KEYBANC CAPITAL MARKETS INC. | ||
By: | /s/ Jaryd Banach | |
Name: | Jaryd Banach | |
Title: | Managing Director, Equity Capital Markets | |
TD SECURITIES (USA) LLC | ||
By: | /s/ Brad Limpert | |
Name: | Brad Limpert | |
Title: | Managing Director | |
NOMURA SECURITIES INTERNATIONAL, INC. | ||
By: | /s/ Jason Eisenhauer | |
Name: | Jason Eisenhauer | |
Title: | Managing Director |
ROBERT W. BAIRD & CO. INCORPORATED | ||
By: | /s/ Christopher Walter | |
Name: | Christopher Walter | |
Title: | Managing Director | |
CITIZENS JMP SECURITIES, LLC | ||
By: | /s/ Eric Clark | |
Name: | Eric Clark | |
Title: | Managing Director |