secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001193125-24-149146
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT issues $500M of 5.500% senior notes due 2034
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- Issued $500M aggregate principal of 5.500% notes due June 15, 2034; net proceeds of $489.4M after discounts.
- Interest payable semi-annually on June 15 and December 15, beginning December 15, 2024.
- Proceeds to repay outstanding credit facility, fund property acquisitions, and for general corporate purposes.
- Underwriting led by BofA Securities, Wells Fargo, PNC Capital Markets, TD Securities, and Truist Securities.
- Offering closed May 29, 2024; notes are senior unsecured obligations ranking equally with existing senior debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312524149146/0001193125-24-149146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312524149146/d827130d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-149146

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