STORE Capital Announces Closing of $567 Million Securitization at 5.28% (Form 8-K)

STORE Capital Announces Closing of $567 Million Securitization at 5.28%

SCOTTSDALE, Ariz. - May 19, 2026 - STORE Capital LLC ("STORE", "STORE Capital" or the "Company"), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it completed the issuance of $567.0 million of long-term fixed-rate notes designated as STORE Master Funding Net-Lease Mortgage Notes, Series 2026-1 (the "Notes"). This is the fifteenth note issuance under STORE's Master Funding debt program, its proprietary structured debt financing vehicle.

The Notes were issued in four classes in a private placement to premier institutional buyers. Notes aggregating $486.0 million were rated AAA by S&P Global Ratings ("S&P") and include $243.0 million of 5.75-year Class A-1 notes issued at an interest rate of 5.22% and $243.0 million of 7-year Class A-2 notes issued at an interest rate of 5.31%. Notes aggregating $81.0 million were rated AA by S&P and include $40.5 million of 5.75-year Class A-3 notes issued at an interest rate of 5.32% and $40.5 million of 7-year Class A-4 notes issued at an interest rate of 5.41%. The weighted average interest rate of the Notes is 5.28%. The weighted average life of the Notes is 6.32 years. The net proceeds of the transaction were used to redeem $520.3 million of previously issued Master Funding notes outstanding at an all-in coupon rate of 6.44% in advance of their May 2028 maturity date and to fund growth.

"I am pleased to announce the closing of our fifteenth Master Funding transaction in STORE history. We are very grateful for the continued overwhelming interest in STORE's Master Funding bonds. Once again, the offering experienced significant oversubscription, which allowed us to increase the transaction by more than 60%. Among other things, this upsize enabled us to refinance our Master Funding 2023-1 notes creating substantial interest savings over the next few years," said Mary Fedewa, STORE Capital's President and Chief Executive Officer. "STORE continues to offer best in class diversity and granularity in the NNN space resulting in strong and steady cash flows for our investors. Our Master Funding program is a cornerstone of STORE's success, supporting sustainable growth and advancing our mission of providing long-term real estate financing solutions to middle market and larger companies. We thank our existing investors for their continued support and extend a special welcome to the new investors in our 2026-1 issuance. We look forward to our continued partnership."

The Notes are not registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The Notes may only be offered and sold in the United States in accordance with Rule 144A under the Securities Act.