---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-153998"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T11:23:11.495948+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 4.600% notes due 2031; net proceeds $491.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-153998
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2025-07-01T23:59:59+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/751364/000119312525153998/0001193125-25-153998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000119312525153998/d922990d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-153998
- JSON: https://secwatch.observer/filing/0001193125-25-153998.json
- Plain text: https://secwatch.observer/filing/0001193125-25-153998.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, 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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000119312525153998/0001193125-25-153998-index.htm

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