{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-322904","form_type":"8-K","ticker":"NNN","cik":"0000751364","company_name":"NNN REIT, INC.","filed_at":"2025-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.083706+00:00","generated_at":"2026-05-16T12:58:50.379875+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NNN REIT secures $300M term loan facility, fixes SOFR at 3.22% on $200M swap","bullets":["Entered $300M delayed draw term loan, expandable to $500M; maturity Feb 2029 with two 1-year extensions.","Initial interest rate: SOFR + 0.85% (based on current credit rating of BBB+/Baa1).","Entered $200M forward-starting swaps fixing SOFR at 3.22% through Jan 2029 to hedge anticipated draws.","Also amended revolving credit agreement to remove 10 bp SOFR credit spread adjustment.","No funds drawn to date; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-322904","json":"https://secwatch.observer/filing/0001193125-25-322904.json","markdown":"https://secwatch.observer/filing/0001193125-25-322904.md","text":"https://secwatch.observer/filing/0001193125-25-322904.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751364/000119312525322904/0001193125-25-322904-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751364/000119312525322904/nnn-20251217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:58:50.379875+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2ba6d86cfd8d3de6af4398cb8b0a7d7d27e12135","claim":"NNN REIT, INC. entered into Term Loan with Wells Fargo Bank, National Association valued at $300 million (effective 2025-12-17).","evidence_excerpt":"NNN REIT, Inc. (the “Company”), entered into a Term Loan Agreement dated as of December 17, 2025 (the “Term Loan”), with the lenders from time to time party thereto and with Wells Fargo Bank, National Association acting as the Administrative Agent. The Term Loan provides for (i) $300 million of senior unsecured borrowing capacity","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751364/000119312525322904/0001193125-25-322904-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$300 million"},{"label":"Effective","value":"2025-12-17"}],"fact_type":"material_agreement"},{"claim_id":"e758c23c21e2191b436d217793256d02600a328e","claim":"NNN REIT, INC. entered into First Amendment to Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (effective 2025-12-17).","evidence_excerpt":"the Company entered into that certain First Amendment to Third Amended and Restated Credit Agreement, dated as of December 17, 2025 (the “Revolving Credit Agreement Amendment”), with Wells Fargo Bank, National Association, as Administrative Agent, and a syndicate of lenders named therein to, among other things, remove the 10 basis point SOFR credit spread adjustment.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751364/000119312525322904/0001193125-25-322904-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Effective","value":"2025-12-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}