VENU Closes $60 Million Sale-Leaseback on Sunset Amphitheater Land at McKinney, Texas

Land beneath amphitheater and parking garage sold to STORE Capital

MCKINNEY, Texas--(BUSINESS WIRE)--Venu Holding Corporation (“VENU” or the “Company”) (NYSE American: VENU), an owner, operator, and developer of premium live entertainment destinations, today announced that it has successfully closed a $60 million sale-leaseback transaction on the land beneath its Sunset Amphitheater and adjacent parking garage in McKinney, Texas. The transaction was completed with STORE Capital, LLC, one of the largest and fastest-growing net-lease real estate investment trusts (REITs) in the U.S., and represents the continued implementation of a key pillar of the Company’s previously announced financing strategy, alongside public-private partnerships and Luxe FireSuite^® sales, and marks a significant milestone in the Company’s national growth plan.

Click here to view a message from VENU Founder, Chairman, and CEO, JW Roth on the news - https://bit.ly/4sgATuE

“Closing this $60 million sale-leaseback shows how we put our real estate to work,” said J.W. Roth, Founder, CEO and Chairman of VENU. “This capital positions us to retire our bridge financing and complete construction as we prepare to open the doors in McKinney, with a partner of STORE Capital’s caliber at our side. Sale-leasebacks and public-private partnerships give us flexible, non-dilutive ways to fund our growth. This is another proof point that our model works, and we are just getting started as we build something this country has never seen in live entertainment.”

“We are pleased to partner with VENU on this transaction and to support its continued growth in one of the fastest-growing markets in the country. VENU has built a differentiated, experience-driven platform anchored by high-quality real estate, and Sunset Amphitheater at McKinney is exactly the kind of mission-critical, long-term asset STORE Capital seeks to own. We look forward to a lasting relationship as VENU expands its footprint nationwide,” said Mary Fedewa, President and CEO of STORE Capital.

Sunset Amphitheater at McKinney, a 20,000-capacity, multi-season venue serving the Dallas-Fort Worth market, is expected to open in the first quarter of 2027. Proceeds from the sale-leaseback are expected to be used to repay the Company’s approximately $20 million bridge financing from Ryan, LLC and to fund the completion of construction of Sunset Amphitheater at McKinney.

VENU currently operates venues in Colorado Springs, Colorado, and Gainesville, Georgia, with projects under development in Broken Arrow, Oklahoma; Houston, Frisco, and El Paso, Texas; and Chattanooga, Tennessee; and has a national footprint that continues to grow.

An Innovative Model Driving National Expansion

VENU is powered by a differentiated financing approach that combines fractional ownership, public-private partnerships, sale-leaseback structures, and C-PACE financing to enable capital-efficient expansion across underserved markets. This model allows the Company to reduce debt, accelerate development timelines, and retain control of valuable real estate assets while generating diversified revenue through sponsorships, ticketing, premium hospitality, and its signature Luxe FireSuites program. VENU’s approach is redefining live entertainment and setting a new national standard for fan-first, experience-driven growth.

About Venu Holding Corporation

Venu Holding Corporation ("VENU") (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur J.W. Roth, VENU^® has a portfolio of premium brands that includes Ford Amphitheater, Regent Bank Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, Tennessee, and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment.

VENU has been recognized nationally by The Wall Street Journal, Forbes, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, Aramark Sports + Entertainment, Tixr, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While VENU believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. VENU expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law.