{"url_path":"/sec/cik-0001538990/8-k/2026-05-19/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1538990/0001193125-26-231130-index.html","accession_number":"0001193125-26-231130","cik":"0001538990","ticker":null,"issuer_name":"STORE CAPITAL LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1538990/0001193125-26-231130-index.html","primary_entity_key":"0001538990","primary_entity_name":"STORE CAPITAL LLC"},"word_count":989,"has_tables":true,"body_markdown":"Item 1.01\n\nEntry into a Material Definitive Agreement.\n\nOn May 19, 2026, STORE Capital LLC (the “Company”) completed the issuance of $589,000,000 aggregate principal amount of STORE Master Funding Net-Lease Mortgage Notes, Series 2026-1 (the “Notes”) by STORE Master Funding I, LLC, STORE Master Funding II, LLC, STORE Master Funding III, LLC, STORE Master Funding IV, LLC, STORE Master Funding V, LLC, STORE Master Funding VI, LLC, STORE Master Funding VII, LLC, STORE Master Funding XIV, LLC, STORE Master Funding XIX, LLC, STORE Master Funding XX, LLC, STORE Master Funding XXII, LLC, STORE Master Funding XXIV, LLC, STORE Master Funding XXXIV, LLC, STORE Master Funding XXXVII, LLC and STORE Master Funding XXXVIII, LLC (together, the “Issuers”). Each of the Issuers is a Delaware limited liability company and a wholly owned, special purpose, bankruptcy-remote, indirect subsidiary of the Company. Notes in the aggregate principal amount of $567,000,000 were issued to qualified institutional investors (the “Class A Notes”). The remaining Notes, in the aggregate principal amount of $22,000,000, were issued to an affiliate of the Company (the “Class B Notes”).\n\nThe Notes were issued to qualified institutional investors pursuant to a Note Purchase Agreement, entered into on May 14, 2026 (the “Note Purchase Agreement”), among the Company and the Issuers, and the initial purchasers party thereto (together, the “Initial Purchasers”). Pursuant to the Note Purchase Agreement, the Issuers sold the Notes to the Initial Purchasers in reliance on certain exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”), and upon certain representations and warranties made by the Initial Purchasers in the Note Purchase Agreement. The Note Purchase Agreement also contained customary representations, warranties and agreements by the Company and the Issuers.\n\nThe Notes\n\nThe Notes were issued in five classes: (i) Class A-1 (AAA), (ii) Class A-2 (AAA), (iii) Class A-3 (AA), (iv) Class A-4 (AA) and (v) Class B, with such classes bearing the following initial principal balances, annual interest rates, anticipated repayment dates and the ratings assigned by S&P Global Ratings, respectively:\n\n \n\nClass\n\n \n\nInitial Principal Balance\n\n \n\nNote Rate\n\n \n\nAnticipated Repayment Date\n\n \n\nRating (S&P)\n\nA-1 (AAA)\n\n \n$243,000,000\n \n5.22%\n \nMarch 2032\n \nAAA(sf)\n\nA-2 (AAA)\n\n \n$243,000,000\n \n5.31%\n \nMay 2033\n \nAAA(sf)\n\nA-3 (AA)\n\n \n$40,500,000\n \n5.32%\n \nMarch 2032\n \nAA(sf)\n\nA-4 (AA)\n\n \n$40,500,000\n \n5.41%\n \nMay 2033\n \nAA(sf)\n\nB\n\n \n$22,000,000\n \n6.00%\n \nMay 2033\n \nA(sf)\n\nThe weighted average note rate of the Class A Notes is 5.28%. The weighted average life of the Class A Notes is 6.32 years. The Company and the Issuers intend to use the net proceeds from the sale of the Class A Notes to repay existing indebtedness and to fund growth. The Class B Notes are being retained by an affiliate of the Company and some or all of them may be sold in the future.\n\nThe Notes have not been and will not be registered under the Securities Act and may not be offered and sold absent registration or an applicable exemption from registration.\n\nIndenture and Indenture Supplement\n\nThe Notes were issued pursuant to the Twelfth Amended and Restated Master Indenture, dated as of May 19, 2026 (the “Indenture”), among the Issuers and Citibank, N.A. (the “Indenture Trustee”) and are governed by the Series 2026-1 Supplement to the Indenture entered into by the Issuers and the Indenture Trustee on May 19, 2026 (the “Indenture Supplement”). From time to time and subject to certain conditions, the Issuers and/or any special purpose, bankruptcy-remote affiliate of the Issuers (each, a “Co-Issuer”) may issue additional series of notes pursuant to the Indenture and any applicable series supplement thereto. The Notes and any additional series of notes will be payable solely from and secured by a security interest in the assets of the Issuers and any Co-Issuer.\n\nUnder the Indenture, the Notes are subject to events of default that generally are customary in nature for rated net-lease mortgage securitizations of this type, including (a) the non-payment of interest or principal, (b) material violations of covenants, (c) material breaches of representations and warranties and (d) certain bankruptcy events. The Notes are subject to early amortization events that generally are customary in nature for rated net-lease mortgage securitizations of this type, including (i) the average cash flow coverage ratio falling below certain levels, (ii) the occurrence of an event of default and (iii) the failure by the Issuers to repay any class of notes in full on or prior to the anticipated repayment date for such class of notes. The occurrence of an early amortization event or an event of default could result in the early amortization of the Notes and the occurrence of an event of default could, in certain instances, result in the liquidation of the collateral securing the Notes.\n\n \n\nProperty Management and Servicing Agreement\n\nIn connection with the issuance of the Notes, the Company also entered into the Eleventh Amended and Restated Property Management and Servicing Agreement, dated as of May 19, 2026 (the “Property Management Agreement”), among the Issuers, the Company, KeyBank National Association (“KeyBank”) and the Indenture Trustee. Under the Property Management Agreement, the Company serves as the property manager and special servicer and is responsible for servicing and administering the assets securing the Notes. KeyBank acts as the back-up manager and sub-manager and, among other things, is responsible for collecting and remitting monthly lease and mortgage payments and other amounts to the Indenture Trustee on behalf of the Company.\n\nThe Issuers are subject to certain restrictive covenants under the Property Management Agreement and the Indenture including with respect to the types of business they may conduct and other customary covenants for a bankruptcy-remote special purpose entity.\n\nThe foregoing description in this Item 1.01 is only a summary of certain provisions of the transaction described above and is qualified in its entirety by the terms of the Indenture, the Indenture Supplement and the Property Management Agreement, which are attached to this Current Report on Form 8-K as Exhibits 4.1, 4.2 and 10.1, respectively, and incorporated herein by reference."}