STORE Capital Corporation amended and extended its existing revolving credit facility. The recast $600 million unsecured revolving credit facility has an expanded accordion feature of $1 billion, upsized from $800 million, for a total maximum borrowing capacity of $1.6 billion. The credit facility matures in June 2025 and features two six-month extension options, subject to certain conditions. The amendment also lowers the current interest rate to LIBOR plus 85 basis points, a reduction of 15 basis points from the prior revolving credit facility.

“The successful recast of our credit facility reinforces our strong balance sheet by extending the maturity and reducing the interest rate, and we appreciate the continued support shown by our banking group,” said Mary Fedewa, STORE Capital’s President and Chief Executive Officer. “This facility, along with our other attractive debt and equity financing options, provides substantial financing flexibility and allows STORE to continue to capitalize on our growing pipeline of acquisition opportunities.”

Effective June 3, 2021, the Company entered into an amended and restated credit agreement with certain banks and other lenders, including KeyBank as administrative agent, KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC as joint lead arrangers and joint bookrunners, and Wells Fargo Bank, National Association as syndication agent.