SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR) (the “Company”), an internally
managed net-lease real estate investment trust (REIT) that invests in Single
Tenant Operational Real Estate, announced
today that it has commenced an underwritten public offering of 7,600,000
shares of its common stock. The Company intends to grant the
underwriters of the offering a 30-day option to purchase up to 1,140,000
additional shares of common stock from the Company.
People are also reading…
The Company intends to use the net proceeds from the offering to repay a
portion of the amounts outstanding under its unsecured revolving credit
facility and to fund property acquisitions subject to purchase contracts
in the ordinary course of business.
Goldman, Sachs & Co. and Morgan Stanley are serving as joint
book-running managers for the offering.
The offering of these securities will be made only by means of a
prospectus supplement and accompanying prospectus. A copy of the
preliminary prospectus supplement, final prospectus supplement (when
available) and the accompanying prospectus may be obtained from:
Goldman, Sachs & Co., via telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.com,
or standard mail: Goldman, Sachs & Co., 200 West Street, New York, NY
10282, Attention: Prospectus Department; and Morgan Stanley & Co. LLC,
via standard mail: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd
Floor, New York, NY 10014, Attention: Prospectus Department.
A registration statement relating to these securities became effective
upon filing with the Securities and Exchange Commission under the
Securities Act of 1933, as amended. This press release does not
constitute an offer to sell or the solicitation of an offer to buy, nor
will there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction.
About STORE Capital
STORE Capital Corporation is an internally managed net-lease REIT that
is the leader in the acquisition, investment and management of Single
Tenant Operational Real Estate, which is its
target market and the inspiration for its name. The Company is one of
the largest and fastest growing net-lease REITs and owns a
well-diversified portfolio that consists of investments in over 1,700
property locations, substantially all of which are profit-centers, in 48
states.
Forward-Looking Statements
Certain statements contained in this press release that are not
historical facts may contain forward-looking statements. Forward-looking
statements can be identified by the use of words such as "estimate,"
"anticipate," "expect," "believe," "intend," "may," "will," "should,"
"seek," "approximate" or "plan," or the negative of these words and
phrases or similar words or phrases. Forward-looking statements include
those relating to whether or not the proposed offering will be
consummated, the terms of the proposed offering and the intended use of
proceeds from the proposed offering. Forward-looking statements, by
their nature, involve estimates, projections, goals, forecasts and
assumptions and are subject to risks and uncertainties that could cause
actual results or outcomes to differ materially from those expressed in
the forward-looking statements. For more information on risk factors for
the Company’s business, please refer to the periodic reports and
prospectuses and prospectus supplements it files with the SEC from time
to time. These forward-looking statements speak only as of the date of
this press release and should not be relied upon as predictions of
future events. The Company expressly disclaims any obligation or
undertaking to update or revise any forward-looking statements contained
herein, to reflect any change in the Company’s expectations with regard
thereto, or any other change in events, conditions or circumstances on
which any such statement is based, except as required by law.
Contacts
Financial Profiles
Moira Conlon, 310-622-8220