{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-213439","form_type":"8-K","ticker":"NNN","cik":"0000751364","company_name":"NNN REIT, INC.","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.600337+00:00","generated_at":"2026-06-11T09:46:59.734053+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NNN REIT closes $500M offering of 5.600% notes due 2033","bullets":["Aggregate principal $500M, 5.600% interest, matures October 15, 2033.","Net proceeds approximately $483.9M after underwriting discount and expenses.","Proceeds to repay credit facility, fund property acquisitions, and general corporate purposes.","Notes are senior unsecured obligations, rank equally with existing and future senior debt.","Underwriting syndicate led by BofA Securities, Wells Fargo, Citigroup, Morgan Stanley, U.S. Bancorp."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-213439","json":"https://secwatch.observer/filing/0001193125-23-213439.json","markdown":"https://secwatch.observer/filing/0001193125-23-213439.md","text":"https://secwatch.observer/filing/0001193125-23-213439.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751364/000119312523213439/0001193125-23-213439-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751364/000119312523213439/d508044d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:46:59.734053+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d5de6a8a5468d4fa7b0881b19870103f4f75e977","claim":"NNN REIT, INC. incurred senior notes of $500 million aggregate principal amount with BofA Securities, Inc., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and U.S. Bancorp Investments, Inc., as representatives of the several underwriters at 5.600% per annum maturing October 15, 2033.","evidence_excerpt":"the Company agreed to sell $500 million aggregate principal amount of 5.600% notes due 2033 (the “Notes”) in an underwritten public offering. The offering of the Notes closed on August 15, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/751364/000119312523213439/0001193125-23-213439-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500 million aggregate principal amount"},{"label":"Counterparty","value":"BofA Securities, Inc., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and U.S. Bancorp Investments, Inc., as representatives of the several underwriters"},{"label":"Rate","value":"5.600% per annum"},{"label":"Maturity","value":"October 15, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}