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.

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