Item 8.01. Other Events.

On March 13, 2023, the Operating Partnership entered into interest rate swaps pursuant to an International Swaps and Derivatives Association Master Agreement with two banks. One swap has a fixed notional amount of $300.0 million, an effective date of June 15, 2023 and a maturity date of June 15, 2025. The second swap has a fixed notional amount of $200.0 million, an effective date of December 15, 2023 and a maturity date of June 15, 2025. These instruments swap 1-month SOFR for a weighted average fixed rate of approximately 3.70%. These instruments, which are designated as cash flow hedge instruments, were entered into to mitigate the interest rate risk inherent in the Operating Partnership's variable rate delayed-draw term loans and not for trading purposes.

Special Note Regarding Forward-Looking Statements

This Current Report on Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements can be identified by the use of words and phrases such as "preliminary," "expect," "plan," "will," "estimate," "project," "intend," "believe," "guidance," "approximately," "anticipate," "may," "should," "seek," or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate to historical matters but are meant to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. These forward-looking statements are subject to known and unknown risks and uncertainties that you should not rely on as predictions of future events. Forward-looking statements depend on assumptions, data and/or methods which may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the events described will happen as described (or that they will happen at all). The following risks and uncertainties, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: industry and economic conditions; volatility and uncertainty in the financial markets, including potential fluctuations in the Consumer Price Index; the Company's success in implementing its business strategy and its ability to identify, underwrite, finance, consummate, integrate and manage diversified acquisitions or investments; the financial performance of the Company's retail tenants and the demand for retail space; the Company's ability to diversify its tenant base; the nature and extent of future competition; increases in the Company's costs of borrowing as a result of changes in interest rates and other factors; the Company's ability to access debt and equity capital markets; the Company's ability to pay down, refinance, restructure and/or extend its indebtedness as it becomes due; the Company's ability and willingness to renew its leases upon expiration and to reposition its properties on the same or better terms upon expiration in the event such properties are not renewed by tenants or the Company exercises its rights to replace existing tenants upon default; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect the Company or its major tenants; the Company's ability to manage its expanded operations; Spirit Realty Capital, Inc.'s ability and willingness to maintain its qualification as a REIT under the Internal Revenue Code of 1986, as amended; the impact on the Company's business and those of its tenants from epidemics, pandemics or other outbreaks of illness, disease or virus; and other risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, illiquidity of real estate investments and potential damages from natural disasters discussed in the Company's most recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2022. You are cautioned not to place undue reliance on forward-looking statements which are based on information that was available, and speak only, as of the date on which they were made. While forward-looking statements reflect the Company's good faith beliefs, they are not guarantees of future performance. The Company expressly disclaims any responsibility to update or revise forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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