NNN REIT expands term loan to $500M, reduces borrowing spreads by 5 basis points

Filed June 23, 2026 · Period ending June 23, 2026 · ~1 min read

Key Changes

• medium

  Exercised $200M incremental term loan option, expanding total facility from $300M to $500M with maturity February 15, 2029 and two one-year extension options available.

  Item 1.01 verify on EDGAR →
• medium

  Reduced borrowing spreads by 5 basis points on both facilities: term loan margin now 0.800% over SOFR (from 0.850%), revolver margin now 0.725% over SOFR (from 0.775%).

  Item 1.01 verify on EDGAR →
• medium

  Entered $100M forward-starting interest rate swap fixing SOFR at 3.43% through February 2029, hedging half the expanded term loan against rate increases.

  Item 1.01 verify on EDGAR →