secwatch.observer — SEC 8-K summary
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Issuer:     STORE CAPITAL LLC (—)
CIK:        0001538990
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001193125-24-108701
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STORE Capital closes $450M securitization at 5.76% weighted average rate, redeems $186.5M of existing notes
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- Issued $450M in four classes: $335M AAA-rated (5.69% 5-yr, 5.70% 7-yr) and $115M AA-rated (5.93% 5-yr, 5.94% 7-yr).
- Weighted average coupon 5.76%; net proceeds used to redeem $186.5M of existing Master Funding notes and fund growth.
- Transaction upsized from $250M to $450M due to oversubscription; AAA credit spreads narrowed by 110 bps to 140 bps.
- Thirteenth issuance under STORE's Master Funding program; eight new investors participated.
- CEO Mary Fedewa noted achievement in extending and laddering debt maturities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538990/000119312524108701/0001193125-24-108701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538990/000119312524108701/d813667d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-108701

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer