secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2021-09-24T23:59:59+00:00
Accession:  0001193125-21-282391
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National Retail Properties issues $450M of 3% notes due 2052; to redeem Series F preferred stock
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- Closed $450M offering of 3.000% notes due April 15, 2052; net proceeds ~$434.4M after underwriting discount and expenses.
- Proceeds to redeem all 13.8M outstanding depositary shares of its 5.200% Series F Cumulative Redeemable Preferred Stock.
- Remaining net proceeds will fund future property acquisitions and general corporate purposes.
- Interest payable semi-annually on April 15 and October 15, starting April 15, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312521282391/0001193125-21-282391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312521282391/d223735d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-282391

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