STORE Capital Commences Public Offering of Common Stock
March 27 2017 - 4:03PM
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.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170327006180/en/
Financial ProfilesMoira Conlon,
310-622-8220STORECapital@finprofiles.com
STORE Capital (NYSE:STOR)
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