Fitch rates Store Capital loan BBB-

Fitch Ratings said it rated Store Capital LLC’s new $727.5 million floating-rate term loan due July 3, 2026, BBB-.

The agency said it also revised its outlook for Store Capital to positive from stable and affirmed the long-term issuer default rating and senior unsecured debt outstanding at BBB-.

“The outlook revision reflects structural actions the company completed, including the early repayment and termination of the $2 billion secured bridge loan. The loan was borrowed to facilitate the February 2023 acquisition of Store's predecessor, Store Capital Corp.,” Fitch said in a press release.

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