DALLAS, Dec. 14, 2017 /PRNewswire/ -- Spirit Realty
Capital, Inc. ("Spirit") announced today that Spirit Realty L.P., a
wholly owned direct subsidiary of Spirit, completed the issuance of
$674,400,000 of notes comprised of
$542,400,000 aggregate principal
amount of net-lease mortgage notes Series 2017-1, Class A (the
"Class A Notes") and $132,000,000
aggregate principal amount of net-lease mortgage notes Series
2017-1, Class B (the "Class B Notes") through its Spirit Master
Funding securitization program. The Class A Notes bear an
interest rate of 4.36% and the Class B Notes bear an interest rate
of 6.35%.
Spirit intends to use the proceeds from the sale of the notes
for general corporate purposes, including repayment of borrowings
under its revolving line of credit and unsecured term loan and for
the payment of fees and expenses related to the offering.
The Class A Notes and Class B Notes have not been registered
under the Securities Act of 1933, as amended, and may not be
offered or sold in the United
States absent registration or an applicable exemption from
registration.
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SOURCE Spirit Realty Capital, Inc.