STORE Capital Announces CFIUS Approval for Proposed Acquisition by GIC and Oak Street
Company Release 12/6/2022
SCOTTSDALE,
Ariz.(BUSINESS WIRE) STORE Capital Corporation (NYSE: STOR, 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 the Committee on Foreign Investment in the United States (CFIUS) has approved the previously
announced all-cash acquisition of the Company by affiliates of GIC, a global institutional investor, and funds managed by Oak Street, a Division of Blue Owl.
The transaction is expected to close in the first quarter of 2023, subject to approval by the Companys stockholders and the satisfaction of certain
other customary closing conditions.
About STORE Capital
STORE Capital is an internally managed net-lease REIT that is a leader in the acquisition, investment and management of
Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified
portfolio that consists of investments in more than 3,000 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website
at www.storecapital.com.
Cautionary Statement Regarding Forward Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology
such as may, will, should, expects, intends, plans, anticipates, believes, estimates, predicts, or potential or the
negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of
strategy, plans or intentions.
The forward-looking statements contained in this release are subject to numerous known and unknown risks, uncertainties,
assumptions and changes in circumstances, many of which are beyond the control of the Company, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement, which risks and
uncertainties include, but are not limited to: the ability to complete the proposed transaction on the proposed terms or on the anticipated timeline, or at all, including risks related to securing the necessary stockholder approval and satisfaction