NNN REIT, INC. NNN REIT, Inc. announced the amendment of its unsecured bank credit facility. The amendment increases the available borrowing capacity under the credit facility from $1.1 billion to $1.2 billion. The amended facility matures April 2028, with options to extend maturity to April 2029.
The amended facility also includes an accordion feature to increase the facility size up to $2.0 billion. Wells Fargo Bank, National Association, and Bank of America, N.A., served as the Joint Lead Arrangers and Joint Bookrunners on the credit facility with Wells Fargo Bank acting as the Administrative Agent and Bank of America acting as the Syndication Agent. Joint Lead Arrangers and Documentation Agents were PNC Bank, National Association, Royal Bank of Canada, TD Bank, N.A., Truist Bank and U.S. Bank National Association.
Senior Managing Agents were Morgan Stanley Bank, N.A., Mizuho Bank Ltd., and Sumitomo Mitsui Banking Corporation. The other bank participant was Raymond James Bank.
