8-K: STORE Capital closes $525 million securitization at 5.74% weighted average rate

STORE Capital issued $525.0 million of fixed-rate notes in four classes, its sixteenth Master Funding transaction. The AAA-rated $450.0 million tranche includes $317.0 million of 5.67-year Class A-1 notes at 5.79% and $133.0 million of 3.14-year Class A-1-P notes at 5.56%; the AA-rated $75.0 million tranche includes $53.0 million of 5.67-year Class A-2 notes at 5.89% and $22.0 million of 3.14-year Class A-2-P notes at 5.71%. The weighted average all-in interest rate is 5.74% with a weighted average credit spread of 97 basis points and weighted average life of 4.92 years. Net proceeds redeemed approximately $280 million of Master Funding notes maturing in the fourth quarter of 2026 and will fund growth.

STORE Capital issued $525.0 million of fixed-rate notes in four classes, its sixteenth Master Funding transaction. The AAA-rated $450.0 million tranche includes $317.0 million of 5.67-year Class A-1 n