Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
22 Febbraio 2021 - 10:49PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Nos. 333-249459 and
333-249459-01
Spirit Realty, L.P.
$450,000,000 2.100% Senior Notes due 2028 (the 2028 Notes)
$350,000,000 2.700% Senior Notes due 2032 (the 2032 Notes and, together with the 2028 Notes, the Notes)
Fully and unconditionally guaranteed by Spirit Realty Capital, Inc.
February 22, 2021
Term
Sheet
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Issuer:
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Spirit Realty, L.P.
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Guarantor:
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Spirit Realty Capital, Inc.
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Securities:
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2.100% Senior Notes due 2028
2.700% Senior
Notes due 2032
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Expected Ratings (Moodys / S&P /
Fitch)*:
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Baa3 (Positive) / BBB (Stable) / BBB (Stable)
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Aggregate Principal Amount:
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2028 Notes: $450,000,000
2032 Notes:
$350,000,000
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Stated Maturity Date:
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2028 Notes: March 15, 2028
2032 Notes:
February 15, 2032
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Issue Price:
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2028 Notes: 99.364% of the principal amount
2032 Notes: 99.344% of the principal amount
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Coupon (Interest Rate):
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2028 Notes: 2.100% per annum
2032 Notes: 2.700%
per annum
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Yield to Maturity:
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2028 Notes: 2.198%
2032 Notes:
2.770%
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Benchmark Treasury:
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2028 Notes: UST 0.750% due January 31, 2028
2032 Notes: UST 1.125% due February 15, 2031
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Benchmark Treasury Price and Yield:
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2028 Notes: 98-11 / 0.998%
2032 Notes: 97-23 / 1.370%
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Spread to Benchmark Treasury Yield:
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2028 Notes: +120 basis points
2032 Notes: +140
basis points
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Interest Payment Dates:
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2028 Notes: March 15 and September 15 of each year, beginning on September 15, 2021
2032 Notes: February 15 and August 15 of each year, beginning on August 15, 2021
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Optional Redemption:
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2028 Notes
Prior to January 15, 2028 (two months prior to the Stated Maturity Date of the 2028 Notes),
make-whole call at T+20 basis points (calculated as though the actual Stated Maturity Date of the 2028 Notes was January 15, 2028)
On or after January 15, 2028 (two months prior to the Stated Maturity Date of the 2028
Notes), par call
2032 Notes
Prior to November 15,
2031 (three months prior to the Stated Maturity Date of the 2032 Notes), make-whole call at T+25 basis points (calculated as though the actual Stated Maturity Date of the 2032 Notes was November 15, 2031)
On or after November 15,
2031 (three months prior to the Stated Maturity Date of the 2032 Notes), par call
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CUSIP / ISIN:
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2028 Notes: 84861T AH1 / US84861TAH14
2032 Notes: 84861T AJ7 / US84861TAJ79
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Trade Date:
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February 22, 2021
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Settlement Date:
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March 3, 2021 (T+7); under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless
the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the second business day prior to the Settlement Date will be required, by virtue of the fact that the Notes initially will settle on a
delayed basis, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisors with respect to these matters.
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Joint Book-Running Managers:
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BofA Securities, Inc.
RBC Capital Markets,
LLC
Wells Fargo Securities, LLC
Capital One Securities, Inc.
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
Morgan Stanley &
Co. LLC
Scotia Capital (USA) Inc.
Truist Securities, Inc.
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Co-Managers:
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Fifth Third Securities, Inc.
Regions Securities LLC
Stifel, Nicolaus & Company, Incorporated
U.S. Bancorp Investments, Inc.
Samuel A. Ramirez & Company, Inc.
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*
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to
revision or withdrawal at any time.
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The Issuer has filed a registration statement and a prospectus with the Securities and Exchange
Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus and the related preliminary prospectus supplement and other documents the Issuer has filed with the SEC for more
complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the underwriters can arrange to send you the prospectus and related preliminary
prospectus supplement if you request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322, by calling RBC Capital
Markets, LLC toll-free at 1-866-375-6829 or by calling Wells Fargo Securities, LLC toll-free at 1-800-645-3751. This information does not purport to be a complete description of these securities or the offering. Please refer to the preliminary prospectus supplement for a complete description of the
securities. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.
Grafico Azioni Spirit Realty Capital (NYSE:SRC-A)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Spirit Realty Capital (NYSE:SRC-A)
Storico
Da Lug 2023 a Lug 2024