NNN REIT, INC. 8-K Filing

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value NNN New York Stock Exchan
• $300 million — Agent. The Term Loan provides for (i) $300 million of senior unsecured borrowing capacity
• $500 million — se the aggregate facility size to up to $500 million. The Term Loan maturity date is Februar
• $200 million — ed into forward starting swaps totaling $200 million that fix SOFR at 3.22% through January

Filing Documents

• nnn-20251217.htm (8-K) — 60KB
• nnn-ex10_1.htm (EX-10.1) — 1296KB
• nnn-ex10_2.htm (EX-10.2) — 201KB
• img86823738_0.jpg (GRAPHIC) — 45KB
• 0001193125-25-322904.txt ( ) — 1987KB
• nnn-20251217.xsd (EX-101.SCH) — 50KB
• nnn-20251217_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. NNN REIT, Inc. (the "Company"), entered into a Term Loan Agreement dated as of December 17, 2025 (the "Term Loan"), with the lenders from time to time party thereto and with Wells Fargo Bank, National Association acting as the Administrative Agent. The Term Loan provides for (i) $300 million of senior unsecured borrowing capacity during a six-month delayed draw commitment period and (ii) an accordion option to increase the aggregate facility size to up to $500 million. The Term Loan maturity date is February 15, 2029, subject to two one-year extension options exercisable at the option of the Company. Based on the Company's current credit ratings, borrowings under the Term Loan will bear interest at an effective rate of SOFR plus the applicable margin of 0.85% (for SOFR borrowings); however, such applicable margin may change based on the Company's credit ratings. In anticipation of the Term Loan, the Company entered into forward starting swaps totaling $200 million that fix SOFR at 3.22% through January 15, 2029. The Company expects to use future proceeds from the Term Loan for general corporate purposes. No funds have been drawn on the Term Loan to date. The Term Loan contains certain (a) restrictive covenants, including, but not limited to, restrictions on the incurrence of additional indebtedness and liens, the ability to make certain payments and investments and the ability to enter into certain merger, consolidation, asset sale and affiliate transactions, and (b) financial maintenance covenants, including, but not limited to, a maximum leverage ratio, a minimum fixed charge ratio and a maximum secured indebtedness ratio. The Term Loan also contains representations and warranties, affirmative covenants and events of default, including certain cross defaults with the Company's other indebtedness, customary for an agreement of its type. As is customary, certain events of default could result in an accel

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Item 9.01.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 10.1 Term Loan Agreement, dated as of December 17, 2025, by and among NNN REIT, Inc., Wells Fargo Bank, National Association as Administrative Agent, and a syndicate of lenders named therein. 10.2 First Amendment to Third Amended and Restated Credit Agreement, dated as of December 17, 2025, by and among NNN REIT, Inc., Wells Fargo Bank, National Association, as Administrative Agent, and a syndicate of lenders named therein. 104.1 Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) 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. Dated: December 17, 2025 By: /s/ Vincent H. Chao Vincent H. Chao Executive Vice President and Chief Financial Officer