NNN REIT, INC. (NNN): debt financing — NNN REIT closes $500M offering of 4.600% notes due 2031; net proceeds $491.7M

NNN REIT, INC.

Issued $500M aggregate principal of 4.600% senior unsecured notes due February 15, 2031.
Net proceeds of approximately $491.7M after underwriting discount and expenses.
Interest payable semi-annually on Feb 15 and Aug 15, beginning Feb 15, 2026.
Proceeds to repay credit facility, fund property acquisitions, and for general corporate purposes.
Underwriters include BofA Securities, Wells Fargo, PNC Capital, RBC Capital, TD Securities, U.S. Bancorp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NNN REIT, INC. incurred senior notes of $500 million aggregate principal amount with BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. at 4.600% per annum maturing February 15, 2031.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Counterparty: BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc.
Rate: 4.600% per annum
Maturity: February 15, 2031
Event: incurrence

Exact text from the filing

NNN REIT, Inc. (the “Company”) entered into an underwriting agreement, dated June 24, 2025 (the “Underwriting Agreement”), among the Company and BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein, whereby the Company agreed to sell $500 million aggregate principal amount of 4.600% notes due 2031 (the “Notes”) in an underwritten public offering.

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Source: SEC EDGAR

accession 0001193125-25-153998

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