STORE CAPITAL LLC: debt financing — STORE Capital closes $625M securitization at 5.06%, upsized from $450M; amends credit facilities to $2.9B

STORE CAPITAL LLC

Closed $625M in Class A notes (upsized from $450M) with weighted avg rate 5.06% and weighted avg life 7.32 yrs.
Notes include AAA tranches totaling $536M at 4.76%-5.19% and AA tranches totaling $89M at 4.95%-5.39%.
Amended unsecured credit agreement: $1.25B revolver (incl. $200M swingline, $75M LC) and $1.65B term loans, extended maturity.
Proceeds from securitization to be used for growth; Class B notes of $20M retained by affiliate.
Oversubscription allowed 34 bps reduction in credit spread to 112 bps vs last issuance.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STORE CAPITAL LLC incurred senior notes of $645,000,000 aggregate principal amount with qualified institutional investors at various from 4.76% to 6.14% maturing September 2030 to September 2035.

Instrument: senior notes
Principal: $645,000,000 aggregate principal amount
Counterparty: qualified institutional investors
Rate: various from 4.76% to 6.14%
Maturity: September 2030 to September 2035
Event: incurrence

Exact text from the filing

On September 30, 2025, the Company completed the issuance of $645,000,000 aggregate principal amount of STORE Master Funding Net-Lease Mortgage Notes, Series 2025-1

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304 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-25-230302

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