Spirit Realty offers two-part fixed-rate notes via four bookrunners

By Devika Patel

Knoxville, Tenn., Sept. 9 – Spirit Realty, LP is expected to sell fixed-rate notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and are then redeemable at par.

J.P. Morgan Securities LLC, BofA Securities, Inc., RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the bookrunners.

Proceeds will be used to repay debt under a term loan facility and delayed-draw term loan facility and for potential property acquisitions and general corporate purposes, which may include repaying or repurchasing debt.

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

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