Net proceeds to be used primarily to repay certain debt proceeds.
Notes were issued in four classes in a private placement: $378M of notes were rated AAA by Standard & Poor's Ratings, including $150M of six-year Class A-1 notes issued at an interest rate of 3.96% and $228M of nine-year Class A-2 notes issued at an interest rate of 4.29%.
Other two classes, both rated A+ by S&P, are: $50M of six-year Class A-3 notes issued at interest rate of 4.40% and $164Mof nine-year Class A-4 notes issued at interest rate of 4.74%.
Weighted average interest rate of all four classes of notes is 4.34%; extends weighted average life of term borrowings to 6.4 years from 5.6 years.
Previously: More on STORE Capital Q2: Gross investment of $335.1M; reaffirms forecast (Aug. 2)
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