NNN REIT, Inc. announced the pricing of its public offering of $500,000,000 of 4.600% senior unsecured notes due 2031. The notes were offered at 99.182% of the principal amount, resulting in a yield to maturity of 4.766%.
Interest on these notes will be paid semi-annually on February 15 and August 15 of each year, with the first payment scheduled for February 15, 2026. The notes are set to mature on February 15, 2031, providing long-term financing for the company.
The offering is expected to close on or about July 1, 2025, subject to customary closing conditions. NNN REIT intends to utilize the net proceeds from this offering to repay all outstanding indebtedness under its credit facility, fund future property acquisitions, and for general corporate purposes.
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