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ORLANDO, Fla., Dec. 17, 2025 /PRNewswire/ — NNN REIT, Inc. (NYSE: NNN) (“NNN” or the “Company”), an actual property funding accept as true with, nowadays introduced the ultimate of a $300 million senior unsecured not on time draw promise mortgage facility (the “Term Loan”). The Time period Mortgage has a six-month not on time draw component and an accordion strategy to building up the combination facility measurement to as much as $500 million. The Time period Mortgage matures on February 15, 2029, with two one-year extension choices. Negative budget were drawn at the Time period Mortgage to occasion. According to NNN’s flow credit score scores, the appropriate margin at the Time period Mortgage is 0.85%. The Corporate expects to utility presen proceeds from the Time period Mortgage for common company functions.
“We are pleased with today’s announced execution, which enhances the Company’s financial flexibility and supports NNN’s long-term growth strategy,” stated Vincent H. Chao, Monetary Officer. “We appreciate the continued support from our banking partners as we position the Company for sustained success and to extend its 36-year track record of consecutive annual dividend increases.”
In prospect of the Time period Mortgage, NNN entered into ahead origination swaps totaling $200 million that cure SOFR at 3.22% thru January 15, 2029.
Moreover, NNN amended its current $1.2 billion senior unsecured revolving credit score facility to take away the 10-basis level SOFR credit score unfold adjustment.
Wells Fargo Securities, LLC and BofA Securities, Inc., served because the Joint Manage Arrangers and Joint Bookrunners, with Wells Fargo Vault, Nationwide Affiliation appearing because the Administrative Agent and Vault of The united states, N.A. appearing because the Syndication Agent.
Truist Securities, Inc., PNC Capital Markets LLC, U.S. Vault Nationwide Affiliation, Royal Vault of Canada and TD Vault, N.A. served as Joint Manage Arrangers, with Truist Vault, PNC Vault, Nationwide Affiliation, U.S. Vault Nationwide Affiliation, Royal Vault of Canada and TD Vault, N.A. appearing as Documentation Brokers, and with Mizuho Vault, Ltd., Sumitomo Mitsui Banking Company and Raymond James Vault additionally collaborating within the transaction.
About NNN REIT, Inc.
NNN REIT invests in high quality houses matter in most cases to long-term, internet rentals with minimum ongoing capital expenditures. As of September 30, 2025, the Corporate owned 3,697 houses in 50 states with a improper leasable branch of roughly 39.2 million sq. toes and a weighted moderate residue hire promise of 10.1 years. For more info at the Corporate, consult with www.nnnreit.com.
SOURCE NNN REIT, Inc.
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