National Retail to repay credit facility with funds from new notes

By Marisa Wong

Morgantown, W.Va., Dec. 7 – National Retail Properties, Inc. plans to repay all of the outstanding debt under its credit facility using proceeds from an offering of new notes, according to an 8-K filing with the Securities and Exchange Commission.

The company priced $350 million of 3.6% notes due 2026 on Monday and expects the net proceeds to total $342.9 million.

Proceeds from the new notes will also be used to fund property acquisitions and for general corporate purposes.

The real estate investment trust for retail properties is based in Orlando.

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