STORE Capital Commences Follow-on Offering, 9.25M Shares

STORE Capital Corporation STOR, an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission related to a proposed public offering of 9,250,000 shares of common stock to be sold by the Company and 9,250,000 shares of common stock to be sold by the selling stockholder. In connection with the offering, the selling stockholder will also grant the underwriters an option to purchase up to 2,775,000 additional shares of common stock. The proceeds of the primary portion of the proposed offering will be used by the Company to repay amounts outstanding on its revolving credit facilities and to fund real estate acquisitions. The Company will not receive any proceeds from shares of common stock to be sold by the selling stockholder. Goldman, Sachs & Co., Credit Suisse and Morgan Stanley are joint book-running managers for the offering. The offering of these securities will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, 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; Credit Suisse Securities (USA) LLC, via telephone: (866) 221-1037, email: newyork.prospectus@credit-suisse.com, or standard mail: Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, 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 has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferingsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!