Spirit Realty plans senior note offering

By Lisa Kerner

Charlotte, N.C., Aug. 11 – Spirit Realty Capital, Inc.’s operating partnership, Spirit Realty, LP, plans to offer senior notes (Baa3//BBB-) in a private offering.

The notes will be will guaranteed by Spirit Realty Capital, according to a news release.

Proceeds will be used to initially repay amounts outstanding under Spirit Realty’s term loan facility. Remaining proceeds will be used to reduce amounts outstanding under its revolving credit facility and for general corporate purposes.

Spirit Realty Capital is a Dallas-based a net lease real estate investment trust.

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