Store Capital places $200 million 10-year notes; Retail Estates sells €30 million bonds

By Lisa Kerner

Charlotte, N.C., April 29 – Store Capital Corp. closed a private placement of $200 million of investment-grade senior notes due 2026.

Proceeds will be used to reduce amounts outstanding under the company’s unsecured credit facility and for general corporate purposes, a news release said.

Goldman Sachs & Co. and Morgan Stanley & Co. LLC acted as placement agents.

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

Retail Estates NV placed €30 million of 10-year bonds with institutional investors, according to a news release.

Of the total, €4 million have a fixed interest rate of 2.839% and €26 million have a floating rate of Euribor plus 225 basis points.

Proceeds will be used for general corporate purposes.

BNP Paribas Fortis NV/SA was the lead manager.

Retail Estates is a Brussels-based real estate company.

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