STORE Capital Launches Roadshow for Follow-on Offering

SCOTTSDALE, Ariz.--()--STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today that it has launched a roadshow to market its common stock in connection with its proposed follow-on public offering. STORE Capital and the selling stockholder named in the registration statement expect to sell an aggregate of 18,500,000 shares, consisting of 11,562,500 shares of common stock to be offered by the Company and 6,937,500 shares of common stock to be offered by the selling stockholder. In connection with the offering, the selling stockholder has also granted the underwriters an option to purchase up to 2,775,000 additional shares of common stock.

The Company intends to use the proceeds of the primary portion of the proposed offering to repay amounts outstanding on its revolving credit facilities and to fund property acquisitions subject to purchase contracts in the ordinary course of business. The Company will not receive any proceeds from shares of common stock to be sold by the selling stockholder.

Goldman, Sachs & Co., Credit Suisse and Morgan Stanley are joint book-running managers for the offering. BMO Capital Markets, Citigroup, KeyBanc Capital Markets and Wells Fargo Securities are joint lead managers for the offering; and Baird, Cowen and Company, Ladenburg Thalmann & Co. Inc., Raymond James, Stifel and SunTrust Robinson Humphrey are co-managers for the offering. The offering of these securities is being made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained from: Goldman, Sachs & Co., via telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.com, or standard mail: Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department; Credit Suisse Securities (USA) LLC, via telephone: (866) 221-1037, email: newyork.prospectus@credit-suisse.com, or standard mail: Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, Attention: Prospectus Department; and Morgan Stanley & Co. LLC, via standard mail: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About STORE Capital

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is a leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in over 1,100 property locations, substantially all of which are profit centers, in 46 states.

Forward-Looking Statements

Certain statements contained in this press release that are not historical facts contain forward-looking statements. Forward-looking statements can be identified by the use of words such as "estimate," "anticipate," "expect," "believe," "intend," "may," "will," "should," "seek," "approximate" or "plan," or the negative of these words and phrases or similar words or phrases. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. For more information on risk factors for STORE Capital’s business, please refer to the periodic reports and prospectuses it files with the SEC from time to time. These forward-looking statements speak only as of the date of this press release and should not be relied upon as predictions of future events. STORE Capital expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein, to reflect any change in STORE Capital’s expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except as required by law.

Contacts

Financial Profiles
Moira Conlon, (310) 622-8220
Beth Sackovich, (310) 622-8237
STORECapital@finprofiles.com

Contacts

Financial Profiles
Moira Conlon, (310) 622-8220
Beth Sackovich, (310) 622-8237
STORECapital@finprofiles.com