Spirit MTA REIT announced that the Company has completed two key financings. The Company closed on a $165 million non-recourse mortgage loan, collateralized by 85 assets owned by subsidiaries of the Company and leased to Shopko that are held outside of the Company’s Master Trust. The Company also closed on a $50 million variable funding note, which provides the Company with an additional source of liquidity and allows for more efficient management of the ABS liabilities within its Master Trust. Total proceeds from the non-recourse mortgage loan after fees, expenses and required reserves were $141.9 million. The loan is fully pre-payable, in whole or in part, and bears interest at a rate of one-month LIBOR plus 750 basis points, with required scheduled principal amortization payments of $1 million per month. The initial term is one year with two one-year extension options, subject to certain conditions. The Company’s subsidiaries maintain their ability to continue selling Shopko assets, which can be released from the collateral pool subject to satisfying certain allocated loan amount repayments.