National Retail Properties (NNN) Closes 8.05M Offering for $25.75/Share

National Retail Properties, Inc. (NYSE: NNN) announced that it has closed an underwritten public offering of 8,050,000 shares of common stock at a price of $25.75 per share, which includes 1,050,000 shares sold to the underwriters pursuant to the full exercise of their option to purchase additional shares. The Company estimates that the net proceeds from the offering will be approximately $198.3 million, after deducting the underwriting discount and estimated offering expenses. The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility, for general corporate purposes and to fund future property acquisitions.

---

Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!

You May Also Be Interested In

• American Capital Mortgage (MTGE) Prices 11M Offering; Sees Gross Proceeds of $253M
• Delphi Automotive (DLPH) in Talks with FCI to Buy Motorized Vehicles Unit
• InterDigital (IDCC) Says It Hasn't Seen Huawei Complaint, Can't Offer Response Yet

Create E-mail Alert Related Categories

Corporate News, Equity Offerings

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter