When asked about the merger’s implications for company’s future, chairman and CEO Nicholas S. Schorsch told this publication in an interview at the stock exchange’s headquarters in New York’s Times Square that it gives the combined entity in terms of “size, scale and durable income.”
“We have access to immense amount of capital at a very low cost,” he said, noting that the company also has “a ton of capacity to grow.”
Schorsch, a cap markets veteran who has attended multiple bell ringings and sponsored four public companies, said ARCP currently stands out because its portfolio has high occupancy rates and is 79% investment grade. In addition, it is comprised only of corporate credits and includes no franchise credits.
