National Retail Properties (NNN) Gets Expanded $1.1 Billion Unsecured Credit Facility

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Go back to National Retail Properties (NNN) Gets Expanded $1.1 Billion Unsecured Credit Facility

National Retail Properties, Inc. Announces Expanded $1.1 Billion Unsecured Credit Facility

June 23, 2021 4:30 PM EDT

ORLANDO, Fla., June 23, 2021 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced the amendment of its unsecured bank credit facility.  The amendment increases the available borrowing capacity under the credit facility from $900 million to $1.1 billion and reduces pricing from LIBOR plus 87.5 basis points to LIBOR plus 77.5 basis points.  As part of the company's environmental, social and governance ("ESG") initiatives, pricing may be reduced if... More