Reported Earlier, NNN REIT Prices $500M Public Offering Of 5.500% Senior Unsecured Notes Due 2034
Portfolio Pulse from Benzinga Newsdesk
NNN REIT has priced a $500 million public offering of 5.500% senior unsecured notes due 2034. The notes were offered at 5.662% of the principal amount with a yield to maturity of 98.768%. Interest will be payable semi-annually on June 15 and December 15 each year.
May 22, 2024 | 7:28 am
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NNN REIT has successfully priced a $500 million public offering of 5.500% senior unsecured notes due 2034. This move is likely to provide the company with additional liquidity and financial flexibility.
The successful pricing of the notes indicates strong investor demand and confidence in NNN REIT's financial stability. The additional $500 million will enhance the company's liquidity and financial flexibility, which is positive for its short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100