STORE Capital Issues $335 Million A+ Rated Securities

|About: STORE Capital (STOR)|By:, SA News Editor

STORE Capital (NYSE:STOR) issued an aggregate of $335M of long-term fixed-rate notes designated as STORE Master Funding Net Lease Mortgage Notes, Series 2016-1.

As part of the issuance, $200M of 10-year Class A-1 notes were issued at an interest rate of 3.96% and sold in a private placement to qualified institutional buyers to address its current needs. The balance $135 million of 10.5-year Class A-2 notes have been issued and retained by STORE for future sale to qualified institutional buyers.

This is the seventh note issuance under STORE’s Master Funding debt program, its proprietary debt financing vehicle.