Spirit Realty Capital Prices Initial Public Offering

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Spirit Realty Capital, Inc., a self-administered and self-managed real estate company, today announced the pricing of its initial public offering of 29,000,000 shares of common stock at $15.00 per share. The shares are expected to begin trading tomorrow, September 20, on the New York Stock Exchange under the ticker symbol “SRC,” and the offering is expected to close on September 25, 2012. Spirit Realty Capital has granted the underwriters a 30-day option to purchase up to 4,350,000 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. All shares are being sold by Spirit Realty Capital.

Morgan Stanley, Macquarie Capital, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets acted as joint book-running managers of the offering and Raymond James, Sandler O’Neill + Partners, L.P. and Stifel Nicolaus Weisel acted as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. A copy of the final prospectus related to the offering will be filed with the Securities and Exchange Commission and can be obtained, when available, by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by email at [e-mail], or by calling 866-718-1649; Macquarie Capital (USA) Inc., Attention: Prospectus Department, 125 West 55th Street, New York, NY 10019, by email at [e-mail], or by calling 888-268-3937; UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, or by calling 888- 827-7275; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email at [e-mail], or by calling 800-503-4611; or RBC Capital Markets, LLC, Attention: Prospectus Department, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by calling 877-822-4089.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

About Spirit Realty Capital

Spirit Realty Capital was formed in 2003 to acquire single tenant, "operationally essential" real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits.