Spirit Realty files with SEC on spin-off plan

Spirit Realty Capital has confidentially submitted with the U.S. Securities and Exchange Commission a registration statement on Form 10 on behalf of Spirit MTA REIT in connection with the previously announced spin-off of certain assets of the Company into SMTA and the subsequent distribution of SMTA's common shares of beneficial interest to the Company's common stockholders.

The spin-off is subject to certain conditions, including declaration by the SEC that SMTA's registration statement on Form 10 is effective, customary third-party consents and final approval and declaration of the distribution by Spirit's board of directors. Spirit may, at any time and for any reason until the proposed spin-off is complete, abandon the spin-off or modify or change its terms, including the assets contributed to SMTA.