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National Retail Properties to price dollar notes due 2030, 2050
By Rebecca Melvin
New York, Feb. 18 – National Retail Properties Inc. intends to price dollar-denominated fixed-rate notes in two tranches due 2030 and 2050, according to a 424B5 filed with the Securities and Exchange Commission on Tuesday.
The notes have an optional call with a make-whole payment.
BofA Securities Inc., Citigroup Global Markets Inc., Jefferies & Co., RBC Capital Markets Corp., Wells Fargo Securities LLC and SunTrust Robinson Humphrey Inc. are the bookrunners.
Proceeds will be used to redeem all of the company’s outstanding 3.8% notes due 2022, to repay all of the outstanding debt under its credit facility, to fund future property acquisitions and for general corporate purposes.
National Retail Properties is an Orlando-based real estate investment trust.
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