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Actionable news in SRC: SPIRIT REALTY CAPITAL Inc,

Spirit Realty Capital just filed a prospectus, suggesting it plans to soon issue some securities

Spirit Realty Capital just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

We estimate that the net proceeds from this offering, after deducting the underwriting discount and other estimated expenses payable by us, will be approximately $ million ($ million if the underwriters exercise their option to purchase additional shares in full). We intend to contribute the net proceeds from this offering to our operating partnership in exchange for common units of operating partnership. Our oper ating partnership intends to use the net proceeds from this offering to reduce amounts outstanding under its $370.0 million term loan facility. We expect to redraw on our operating partnerships term loan facility and revolving credit facility from time to time to repay...


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