Issuer Free Writing Prospectus
Filed pursuant to Rule 433
Relating to Preliminary Prospectus Supplement
dated November 9, 2021
to Prospectus dated February 26, 2021
Registration No. 333-253628
Pricing Term Sheet
$375,000,000 2.700% Senior Notes due 2031
The information in this pricing term sheet supplements STORE Capital Corporation’s preliminary prospectus supplement, dated November 9, 2021 (the “Preliminary Prospectus Supplement”), and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. Terms used, but not defined, in this pricing term sheet have the respective meanings set forth in the Preliminary Prospectus Supplement. As used in this pricing term sheet, “Issuer,” “we,” “our” and “us” refer to STORE Capital Corporation and not to its subsidiaries.
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Issuer: | | STORE Capital Corporation |
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Expected Ratings: (Moody’s / S&P / Fitch)*: | | Baa2 (Stable) / BBB (Positive) / BBB (Stable) |
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Security Type: | | Senior Unsecured Notes |
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Pricing Date: | | November 9, 2021 |
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Settlement Date: | | November 17, 2021, which is the fifth business day after the date of this pricing term sheet. Currently, trades in the secondary market for debt securities ordinarily settle two business days after the date of execution, unless the parties to the trade agree otherwise. Accordingly, investors in this offering who wish to sell their notes before the second business day preceding the settlement date must specify an alternate settlement arrangement at the time of the trade to prevent a failed settlement. Those investors should consult their advisors. |
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Maturity Date: | | December 1, 2031 |
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Interest Payment Dates: | | June 1 and December 1, beginning June 1, 2022 |
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Record Dates: | | May 15 and November 15 |
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Principal Amount: | | $375,000,000 |
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Benchmark Treasury: | | UST 1.250% due August 15, 2031 |
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Benchmark Treasury Price / Yield: | | 98-10 + / 1.434% |
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Spread to Benchmark Treasury: | | +128 basis points |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |