National Retail Properties (NNN) Announces Public Offering of 6 Million Shares
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National Retail Properties, Inc. (NYSE: NNN) today announced that it has commenced an underwritten public offering of 6,000,000 shares of common stock. As part of the offering, the Company also expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock.
Wells Fargo Securities, BofA Merrill Lynch and Citigroup will act as joint book-running managers for the offering. RBC Capital Markets and Raymond James will act as senior co-managers for the offering. Also, Morgan Keegan, Stifel Nicolaus Weisel and UBS Investment Bank will act as co-managers for the offering.
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.
Wells Fargo Securities, BofA Merrill Lynch and Citigroup will act as joint book-running managers for the offering. RBC Capital Markets and Raymond James will act as senior co-managers for the offering. Also, Morgan Keegan, Stifel Nicolaus Weisel and UBS Investment Bank will act as co-managers for the offering.
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.
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