Sidley Represents Underwriters in Spirit Realty Notes Offering

Sidley represented the underwriters in connection with a US$800 million notes offering by Spirit Realty, L.P., consisting of US$450 million 2.100% Notes due 2028 and US$350 million 2.700% Notes due 2032. The underwriters comprise some of the world’s top-tier financial institutions. Spirit Realty, L.P. is a subsidiary of Spirit Realty Capital, Inc. (NYSE: SRC), a publicly traded, net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases.

The deal was led by partners Bartholomew A. Sheehan, III (REITs) and Jason A. Friedhoff (REITs), and the team included Alexander E. Csordas (Capital Markets), Ei Jae Chang (Capital Markets), Dr. Christian Brause (Tax), and Ryan M. Kelly (Tax).