DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. (NYSE: SRC), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that the Company has closed on the final incremental term loan under the accordion feature of the previously announced $200 million unsecured term loan facility, raising a total of $400 million under the unsecured term loan facility. The incremental term loan bears interest at LIBOR plus 150 basis points. This financing increases Spirit’s available liquidity, including cash and revolving credit capacity, to approximately $900 million.

ABOUT SPIRIT REALTY

Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases.

As of March 31, 2020, our diversified portfolio was comprised of 1,772 owned properties and 43 properties securing mortgage loans. Our owned properties, with an aggregate gross leasable area of 36.1 million square feet, are leased to 298 tenants across 48 states and 28 retail industries. More information about Spirit Realty Capital can be found on the investor relations page of the Company's website at www.spiritrealty.com.