Store Capital lowers margin on $600 million revolver, lifts accordion

By Wendy Van Sickle

Columbus, Ohio, June 7 – Store Capital Corp. recast its $600 million revolving credit facility, upsizing its accordion feature to $1 billion from $800 million, according to a news release.

The credit facility matures in June 2025 and has two six-month extension options.

The June 3 amendment lowers the interest rate by 15 basis points to Libor plus 85 bps.

KeyBank NA is the administrative agent; KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC are the joint lead arrangers and bookrunners. Wells Fargo Bank, NA is the syndication agent.

Store Capital is a real estate investment trust based in Scottsdale, Ariz.

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