Spirit Realty Capital (SRC) Prices 8M Share Common Offering at $37.75/Sh

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Spirit Realty Capital (SRC) Announces Public Offering of 8M Shares of Common Stock

June 8, 2020 4:12 PM EDT

Spirit Realty Capital, Inc. (NYSE: SRC) (Spirit or the Company), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced the commencement of an underwritten public offering of 8,000,000 shares of its common stock on a forward basis in connection with the forward sale agreement described below.

J.P. Morgan and SunTrust Robinson Humphrey are acting as the joint lead book-running managers for the offering.

In connection with the offering of shares of common stock, the Company expects to enter into a forward sale agreement with... More