ORLANDO, Fla., March 1, 2021 /PRNewswire/ — Nationwide Retail Properties, Inc. (NYSE: NNN) (the “Firm”) right now introduced that it has priced its public providing of $450,000,000 of three.500% senior unsecured notes due 2051 (the “notes”). The notes have been supplied at 98.132% of the principal quantity with a yield to maturity of three.602%. Curiosity on the notes can be payable semi-annually on April 15 and October 15 of every yr, commencing on October 15, 2021. The notes mature on April 15, 2051. The providing is predicted to shut on or about March 10, 2021, topic to customary closing situations.
BofA Securities, Inc., Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. are performing as joint book-running managers and representatives of the underwriters for the providing. RBC Capital Markets, LLC, Truist Securities, Inc. and PNC Capital Markets LLC are performing as joint book-running managers for the providing. Citigroup International Markets Inc., Capital One Securities, Inc. and Raymond James & Associates, Inc. are performing as senior co-managers for the providing.
The Firm intends to make use of the online proceeds from the providing of the notes to redeem all of its excellent 3.30% notes due 2023, to fund future property acquisitions and for normal company functions. This press launch doesn’t represent a discover of redemption beneath the indenture governing such 3.30% notes due 2023.
The providing is being made solely via a prospectus complement and accompanying prospectus, that are a part of an efficient shelf registration assertion the Firm filed with the Securities and Change Fee (“SEC”). You could receive copies of those paperwork totally free by visiting EDGAR on the SEC’s web site at www.sec.gov. Alternatively, copies of those paperwork, when out there, could also be obtained by contacting BofA Securities, Inc., 200 North School Road, third Flooring, NC1-004-03-43, Charlotte, NC 28255-001, Consideration: Prospectus Division, by phone: 1-800-294-1322 or by electronic mail at [email protected]; Wells Fargo Securities, LLC, 550 South Tryon Road, fifth Flooring, Charlotte, North Carolina 28202, Consideration: WFS Buyer Service, by phone: 1-800-645-3751, or by electronic mail at [email protected]; Morgan Stanley & Co. LLC, 1585 Broadway, 4th Flooring, New York, New York 10036, by phone: 1-866-718-1649, or by electronic mail at [email protected]; TD Securities (USA) LLC, 1 Vanderbilt Avenue, twelfth Flooring, New York, New York 10017, Consideration: Transaction Administration Group, by phone: 1-855-495-9846, or by electronic mail at [email protected]; or U.S. Bancorp Investments, Inc., 214 N. Tryon Road, twenty sixth Flooring, Charlotte, North Carolina 28202, Consideration: Credit score Fastened Revenue or by phone: 1-877-558-2607.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase any securities nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale could be illegal previous to the registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
Nationwide Retail Properties, Inc. invests primarily in high-quality retail properties topic typically to long-term, web leases. As of December 31, 2020, the Firm owned 3,143 properties in 48 states with an mixture gross leasable space of roughly 32.5 million sq. toes and with a weighted common remaining lease time period of 10.7 years.
Statements on this press launch that aren’t strictly historic are “forward-looking” statements. These statements typically are characterised by way of phrases similar to “imagine,” “count on,” “intend,” “might,” “estimated,” or different related phrases or expressions. Ahead-looking statements contain identified and unknown dangers, which can trigger the Firm’s precise future outcomes to vary materially from anticipated outcomes. For instance, the truth that this providing has priced might indicate that this providing will shut, however the closing is topic to situations customary in transactions of this sort and could also be delayed or might not happen in any respect. No assurance may be on condition that the providing mentioned above can be accomplished on the phrases described or in any respect or that the online proceeds of this providing can be used as described. Completion of this providing on the phrases described, and the appliance of the online proceeds of this providing, are topic to quite a few potential occasions, components and situations, lots of that are past the management of the Firm or are unknown to it. These dangers embody, amongst others, the potential impacts of the COVID-19 pandemic on the Firm’s enterprise operations, monetary outcomes and monetary place and on the world economic system, normal financial situations, native actual property situations, modifications in rates of interest, will increase in working prices, the preferences and monetary situation of the Firm’s tenants, the provision of capital and dangers associated to the Firm’s standing as a REIT. Extra info regarding these and different components that would trigger precise outcomes to vary materially from these forward-looking statements is contained every so often within the Firm’s SEC filings, together with, however not restricted to, the Firm’s Annual Report on Type 10-Ok. Copies of every submitting could also be obtained from the Firm or the SEC. Such forward-looking statements needs to be regarded solely as reflections of the Firm’s present working plans and estimates. Precise outcomes might differ materially from what’s expressed or forecast on this press launch. Nationwide Retail Properties, Inc. undertakes no obligation to publicly launch the outcomes of any revisions to those forward-looking statements that could be made to mirror occasions or circumstances after the date these statements have been made.
SOURCE Nationwide Retail Properties, Inc.
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