STORE Capital Corp. priced an offering of $350 million of 4.50% senior notes due 2028 at 99.515% of the principal amount.
The notes will mature March 15, 2028, with the offering slated to close March 15. Interest on the notes is to be paid semiannually every March 15 and Sept. 15, starting Sept. 15.
The internally managed net-lease real estate investment trust plans to use proceeds from the public offering to finance property acquisitions, repay outstanding debt under its unsecured revolving credit facility, for working capital and other general corporate purposes.
Goldman Sachs & Co. LLC, Morgan Stanley, Wells Fargo Securities, Citigroup, J.P. Morgan, KeyBanc Capital Markets and SunTrust Robinson Humphrey are serving as joint book-running managers, while BMO Capital Markets, Capital One Securities and Regions Securities LLC are serving as co-managers for the offering.
