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National Retail preps $350 million 10-year offering for Monday pricing
By Aleesia Forni
Virginia Beach, May 5 - National Retail Properties, Inc. is expected to price $350 million of senior notes due 2024 on Monday, according to an informed source and a 424B5 filed with the Securities and Exchange Commission.
Wells Fargo Securities LLC, Jefferies & Co., RBC Capital Markets LLC, BofA Merrill Lynch, U.S. Bancorp Investments Inc. and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to repay outstanding debt under the company's credit facility, to fund future property acquisitions and for general corporate purposes.
The real estate investment trust for retail properties is based in Orlando.
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