Baird served as a co-manager on this offering.
AboutSTORE Capital Corporation (“STORE Capital” or the “Company”) (NYSE: STOR) recently completed a follow-on offering of 21,275,000 shares of common stock at a price of $20.25 per share, generating gross proceeds of approximately $431 million. The Company intends to use the net proceeds from the offering to repay credit facilities and to fund property acquisitions subject to purchase contracts in the ordinary course of business. STORE Capital Corporation will not receive any proceeds associated with the shares sold by the selling stockholders.
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is a leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in over 1,100 property locations, substantially all of which are profit centers, in 46 states. STORE Capital Corporation is headquartered in Scottsdale, Arizona.
For additional information about this transaction, please contact:
- June 2015
- STORE Capital Corporation
- Real Estate
- Target Location
- North America