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STORE Capital Announces Pricing of $350.0 Million Offering of 5.40% Senior Notes Due 2030

1. STORE Capital priced $350 million of 5.40% senior unsecured notes. 2. The notes mature in 2030 and interest is paid semi-annually.

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FAQ

Why Bullish?

The issuance of notes at a reasonable interest rate indicates financial strength. Historically, similar capital raising efforts have positively impacted REIT valuations.

How important is it?

The issuance of unsecured notes reflects STORE's financial strategy, impacting investor confidence and valuations.

Why Long Term?

The notes mature in 2030, suggesting long-term funding stability for STORE. This can enhance investment attractiveness over time.

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital LLC (“STORE”, “STORE Capital” or 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 priced a $350.0 million offering of 5.40% senior unsecured notes. The notes were priced at 99.935% of the principal amount and will mature on April 30, 2030. Interest on the notes will be paid semi-annually on April 30 and October 30 of each year, b.

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