---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-045141"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:57:26.587885+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NNN REIT amends credit facility: ups size to $1.2B, extends maturity to 2028

## Summary
- Borrowing capacity increased to $1.2 billion from $1.1 billion.
- Termination date extended from June 23, 2025 to April 16, 2028.
- Letter of credit sublimit reduced from $60 million to $10 million.
- Borrowings bear interest at SOFR plus 10 bps credit spread adjustment plus 77.5 bps margin, subject to credit ratings.

## SEC filing metadata
- accession: 0000950170-24-045141
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017024045141/0000950170-24-045141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017024045141/nnn-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-045141
- JSON: https://secwatch.observer/filing/0000950170-24-045141.json
- Plain text: https://secwatch.observer/filing/0000950170-24-045141.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017024045141/0000950170-24-045141-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017024045141/0000950170-24-045141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.