SCOTTSDALE, AZ-It is full speed ahead for Spirit Realty Capital following its $7.4 billion merger with Cole Credit Property Trust II in July. The locally-based REIT has issued $330 million in net-lease mortgage notes via its subsidiary, Spirit Master Funding VII LLC, and intends to use the proceeds to refinance shorter-term debt, for acquisition funding, and for general corporate purposes.

“This investment-grade transaction locks in attractive long-term financing as we continue our strategy of investing in operationally essential, single-tenant real estate with long-term, triple-net leases that generate predictable and consistent cash flows,” Thomas H. Nolan, Jr., the Chairman and Chief Executive Officer of Spirit Realty, says in a prepared statement. “In addition, this offering will support our fourth quarter acquisition activity and increase our financial flexibility as we enter 2014.”

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