NNN REIT, Inc. Reports New Financial Obligation
Ticker: NNN · Form: 8-K · Filed: 2024-05-29T00:00:00.000Z
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
NNN REIT just took on a new debt, filing an 8-K to let everyone know.
AI Summary
NNN REIT, INC. filed an 8-K on May 29, 2024, to report the creation of a direct financial obligation. The filing does not specify the exact nature or amount of the obligation, but it is a material event requiring disclosure under SEC regulations.
Why It Matters
This filing indicates NNN REIT, Inc. has entered into a new financial commitment, which could impact its debt levels and financial flexibility.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation can introduce new risks related to debt servicing and financial covenants.
Key Players & Entities
- NNN REIT, INC. (company) — Registrant
- May 29, 2024 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
- 001-11290 (commission_file_number) — SEC File Number
- 56-1431377 (irs_number) — IRS Employer Identification No.
FAQ
What is the specific nature of the direct financial obligation reported by NNN REIT, Inc.?
The filing does not specify the exact nature of the direct financial obligation.
What is the amount of the financial obligation?
The filing does not disclose the specific dollar amount of the financial obligation.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 29, 2024.
What is NNN REIT, Inc.'s state of incorporation?
NNN REIT, Inc. is incorporated in Maryland.
What is the SEC file number for NNN REIT, Inc.?
The SEC file number for NNN REIT, Inc. is 001-11290.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 10.1 · Accepted 2024-05-29 16:08:03
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value NNN New York Stock Exchan
- $500 million — ein, whereby the Company agreed to sell $500 million aggregate principal amount of 5.500% no
- $489.4 m — ds from the offering were approximately $489.4 million, after deducting the underwriting
Filing Documents
- d827130d8k.htm (8-K) — 31KB
- d827130dex11.htm (EX-1.1) — 174KB
- d827130dex41.htm (EX-4.1) — 63KB
- d827130dex42.htm (EX-4.2) — 38KB
- d827130dex51.htm (EX-5.1) — 5KB
- d827130dex81.htm (EX-8.1) — 11KB
- 0001193125-24-149146.txt ( ) — 525KB
- nnn-20240529.xsd (EX-101.SCH) — 3KB
- nnn-20240529_lab.xml (EX-101.LAB) — 18KB
- nnn-20240529_pre.xml (EX-101.PRE) — 11KB
- d827130d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 1.1 Underwriting Agreement, dated May 21, 2024, among the Company and BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, TD Securities (USA) LLC and Truist Securities, Inc., as representatives of the several underwriters named therein. 4.1 The Twenty-second Supplemental Indenture between the Company and U.S. Bank Trust Company, National Association. 4.2 Form of 5.500% Notes due 2034. 5.1 Opinion of Pillsbury Winthrop Shaw Pittman LLP as to the legality of the securities being issued by the registrant. 8.1 Opinion of Pillsbury Winthrop Shaw Pittman LLP regarding certain material tax issues relating to the registrant. 23.1 Consent of Pillsbury Winthrop Shaw Pittman LLP to the filing of Exhibit 5.1 herewith (included in its opinion filed as Exhibit 5.1). 23.2 Consent of Pillsbury Winthrop Shaw Pittman LLP to the filing of Exhibit 8.1 herewith (included in its opinion filed as Exhibit 8.1). 104.1 Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NNN REIT, INC. By: /s/ Kevin B. Habicht Name: Kevin B. Habicht Title: Executive Vice President, Chief Financial Officer, Assistant Secretary and Treasurer Dated: May 29, 2024