Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering.
About
STORE Capital Corporation (“STORE Capital” or the “Company”) (NYSE: STOR) recently completed a follow-on public offering of 12,362,500 shares of common stock at a price of $25.60 per share, generating gross proceeds of approximately $316 million. The Company intends to use the net proceeds to repay debt and fund property acquisitions.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 1,397 property locations, substantially all of which are profit centers, in 47 states. STORE Capital Corporation is headquartered in Scottsdale, Arizona.
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- Date
- May 2016
- Company
- STORE Capital Corporation
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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