Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NNN REIT, INC. amended credit facility of $1.2 billion with Wells Fargo Bank, National Association at SOFR plus a credit spread adjustment of 10 basis points plus a margin of 77.5 ba maturing April 16, 2028.
- Instrument
- credit facility
- Principal
- $1.2 billion
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- SOFR plus a credit spread adjustment of 10 basis points plus a margin of 77.5 ba
- Maturity
- April 16, 2028
- Event
- amendment
Exact text from the filing
The Credit Agreement amended the terms under the Existing Credit Agreement by: (i) increasing the borrowing capacity to $1.2 billion from $1.1 billion; (ii) extending the termination date from June 23, 2025 to April 16, 2028; and (iii) reducing the letter of credit sublimit amount from $60 million to $10 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NNN REIT, INC. amended Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as Joint Lead Arranger, Joint Bookrunner and Administrative Agent, Bank of America, N.A., as Joint Lead Arranger, Joint Bookrunner and Syndication Agent, and a syndicate of lenders named therein valued at $1.2 billion (effective 2024-04-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as Joint Lead Arranger, Joint Bookrunner and Administrative Agent, Bank of America, N.A., as Joint Lead Arranger, Joint Bookrunner and Syndication Agent, and a syndicate of lenders named therein
- Value
- $1.2 billion
- Effective
- 2024-04-16
Exact text from the filing
NNN REIT, Inc. (the “Company”) entered into that certain Third Amended and Restated Credit Agreement, dated as of April 16, 2024 (the “Credit Agreement”), with Wells Fargo Bank, National Association, as Joint Lead Arranger, Joint Bookrunner and Administrative Agent, Bank of America, N.A., as Joint Lead Arranger, Joint Bookrunner and Syndication Agent, and a syndicate of lenders named therein.
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