secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000950170-24-045141
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017024045141/0000950170-24-045141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017024045141/nnn-20240416.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer