STORE Capital Corp. is selling 7.6 million shares of its common stock in an underwritten public offering.

The company said it plans to grant the underwriters a 30-day option to acquire up to 1,140,000 additional shares.

Based on the company's per-share closing stock price of $23.46 on March 27, gross proceeds, including the additional-share option, are expected to be roughly $205.0 million.

STORE Capital plans to use the net proceeds to partially repay the amounts outstanding under its unsecured revolving credit facility and to finance property purchases.

Goldman Sachs & Co. and Morgan Stanley are the joint book-running managers.