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Kutak Rock Counsels STORE Capital Corporation

News | January 6, 2015

Kutak Rock LLP represented STORE Capital Corporation in its initial public offering and the listing of its common stock on the New York Stock Exchange (NYSE: STOR). Kutak Rock’s team was led by Paul Belitz and Brian Caid, partners in the firm’s Denver office.

The offering issued 31,625,000 shares of common stock that were sold at $18.50 per share. The offering closed on Nov. 21, 2014. STORE Capital Corporation is an internally managed net-lease real estate investment trust based in Scottsdale, Ariz. STORE Capital Corporation owns nearly 950 single-tenant commercial properties in the service, retail and industrial sectors.

“This offering represents our third initial public offering of a New York Stock Exchange-listed company created by this senior management team, which includes Mort Fleischer, Chairman, and Chris Volk, President and CEO, of STORE Capital,” said Belitz. “This relationship with Kutak Rock began almost 35 years ago in 1980. This has resulted in Kutak Rock being involved in thousands of real estate transactions in all 50 states representing in excess of $10 billion in real estate assets. For STORE Capital, we assisted in the financing and acquisition of $2.8 billion in gross investment dollars in the last three years alone. We are grateful to this management team for the opportunity to be involved in all aspects of their business, including real estate acquisitions, equity and debt transactions, structured and asset-backed financings and commercial lending facilities.”

Latham & Watkins LLP represented the underwriters, which was led by Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC. Debevoise & Plimpton LLP represented Oaktree Capital Management, L.P. (NYSE: OAK), STORE Capital Corporation's principal equity sponsor.