---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-159931"
form_type: "8-K"
ticker: null
cik: "0001538990"
company_name: "STORE CAPITAL LLC"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:11:28.058014+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# STORE Capital closes $548M securitization of net-lease mortgage notes

## Summary
- Issued $548M in three classes: $346M Class A-1 at 6.19%, $182M Class A-2 at 6.92%, $20M Class B at 7.88%.
- Weighted average note rate on Class A notes is 6.44%; notes rated AAA(sf), A+(sf), BBB(sf) by S&P.
- Net proceeds from Class A sale used to repay certain indebtedness and pay issuance fees/expenses.
- Notes issued by eleven bankruptcy-remote, wholly owned subsidiaries; guaranteed by STORE Capital.
- Notes are secured by assets of issuers; governed by Ninth Amended and Restated Master Indenture.

## SEC filing metadata
- accession: 0001193125-23-159931
- form_type: 8-K
- cik: 0001538990
- company_name: STORE CAPITAL LLC
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538990/000119312523159931/0001193125-23-159931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538990/000119312523159931/d486891d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-159931
- JSON: https://secwatch.observer/filing/0001193125-23-159931.json
- Plain text: https://secwatch.observer/filing/0001193125-23-159931.txt

## Key facts
- Debt Financings
  STORE CAPITAL LLC incurred senior notes of $548,000,000 aggregate principal amount with SMBC Nikko Securities America, Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc. at weighted average note rate of the Class A Notes was 6.44% maturing May 2028.
  - Instrument: senior notes
  - Principal: $548,000,000 aggregate principal amount
  - Counterparty: SMBC Nikko Securities America, Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc.
  - Rate: weighted average note rate of the Class A Notes was 6.44%
  - Maturity: May 2028
  - Event: incurrence
  source text: completed the issuance of $548,000,000 aggregate principal amount of STORE Master Funding Net-Lease Mortgage Notes, Series 2023-1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538990/000119312523159931/0001193125-23-159931-index.htm
- Material Agreements
  STORE CAPITAL LLC entered into Note Purchase Agreement with SMBC Nikko Securities America, Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc. valued at $548,000,000 aggregate principal amount (effective 2023-05-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: SMBC Nikko Securities America, Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc.
  - Value: $548,000,000 aggregate principal amount
  - Effective: 2023-05-22
  source text: Notes in the aggregate principal amount of $528,000,000 were issued to qualified institutional investors (the “ Class A Notes ”). The remaining Notes, in the aggregate principal amount of $20,000,000, were issued to an affiliate of the Company (the “ Class B Notes ”). The Notes were issued pursuant to a Note Purchase Agreement, entered into on May 22, 2023 (the “ Note Purchase Agreement ”) among the Company and the Issuers, and SMBC Nikko Securities America, Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc. (together, the “ Initial Purchasers ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538990/000119312523159931/0001193125-23-159931-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.