NNN REIT increases term loan facility to $500M via $200M incremental tranche; reduces borrowing spreads

NNN REIT, INC.

Exercised $200M incremental term loan option, increasing total term loan facility to $500M.
New borrowings mature Feb 15, 2029, with two one-year extension options; SOFR fixed at 3.43% via $100M swap.
SOFR-based margin lowered to 0.800% (from 0.850%) on term loan and to 0.725% (from 0.775%) on revolver.
Proceeds from incremental term loan to be used for general corporate purposes.

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