STORE Capital Completes Public Offering

SCOTTSDALE, AZ—A follow-on public offering of 16,100,000 shares of common stock sold, including 2,100,000 shares of common stock sold by the selling stockholder, STORE Holding Company LLC, in connection with the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $22.00 per share, has been completed. Total net proceeds, after the underwriting discount and offering expenses, are expected to be approximately $296.2 million.

The equity issuance, together with a small sale of shares by founding institutional shareholders led by Oaktree Capital, will also importantly serve to alter the composition of the board of directors, placing a plurality of board seats in the hands of independent directors and management, says STORE Capital Corporation.