secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001193125-25-322904
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT secures $300M term loan facility, fixes SOFR at 3.22% on $200M swap
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312525322904/0001193125-25-322904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312525322904/nnn-20251217.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-322904

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer