---
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"
generated_at: "2026-06-11T09:46:59.734053+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NNN REIT closes $500M offering of 5.600% notes due 2033

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-213439
- JSON: https://secwatch.observer/filing/0001193125-23-213439.json
- Plain text: https://secwatch.observer/filing/0001193125-23-213439.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $500 million aggregate principal amount
  - Counterparty: 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
  - Rate: 5.600% per annum
  - Maturity: October 15, 2033
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/751364/000119312523213439/0001193125-23-213439-index.htm

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