Articles from STORE Capital LLC

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today that it has priced a $450.0 million offering of 4.95% senior unsecured notes due 2031. The notes were priced at 99.952% of the principal amount and will mature on February 11, 2031. Interest on the notes will be paid semi-annually on February 11 and August 11 of each year, beginning August 11, 2026. The offering is expected to close on February 11, 2026, subject to customary closing conditions.

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it completed the issuance of $625.0 million of long-term fixed-rate notes designated as STORE Master Funding Net-Lease Mortgage Notes, Series 2025-1 (the “Notes”). This is the fourteenth note issuance under STORE’s Master Funding debt program, its proprietary structured debt financing vehicle.

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today that it has priced a $350.0 million offering of 5.40% senior unsecured notes. The notes were priced at 99.935% of the principal amount and will mature on April 30, 2030. Interest on the notes will be paid semi-annually on April 30 and October 30 of each year, beginning October 30, 2025. The offering is expected to close on March 25, 2025, subject to customary closing conditions.

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it completed the issuance of $450.0 million of long-term fixed-rate notes designated as STORE Master Funding Net-Lease Mortgage Notes, Series 2024-1 (the “Notes”). This is the thirteenth note issuance under STORE’s Master Funding debt program, its proprietary structured debt financing vehicle.

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today revealed a refreshed logo. Last February, STORE Capital was taken private by GIC, a global institutional investor, in partnership with funds managed by Blue Owl Capital. The completion of this transaction provided the Company with continued access to efficient long-term capital, through ongoing funding by STORE’s new ownership. In turn, this affords existing and prospective customers alike, reliable access to superior and stable capital through the tailored real estate financing solutions STORE provides. The Company’s logo has been updated to emphasize this advantage.

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that S&P Global Ratings (“S&P”) upgraded certain of its STORE Master Funding net-lease mortgage notes. Notes upgraded by S&P include $1.29 billion of STORE’s outstanding A+(sf) notes which were upgraded to AA(sf) and $210 million of STORE’s outstanding BBB(sf) notes which were upgraded to A(sf). The ratings action also affirmed ratings on all of STORE’s outstanding AAA(sf) notes totaling $1.34 billion. S&P’s recent rating actions for STORE are summarized below.

STORE Capital LLC (“STORE”, “STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it has repaid in full the secured bridge loan it had incurred in connection with the February 2023 acquisition of STORE by GIC, a global institutional investor, in partnership with funds managed by Blue Owl Capital. The secured bridge loan had an original principal amount of $2.0 billion maturing in February 2025, and had an outstanding principal balance of $960 million as of September 30, 2023. The early payoff of the secured bridge loan significantly reduces the Company’s secured debt level, extends its maturity profile, and lowers its overall cost of capital.