National Retail Properties, Inc. Prices Offering of $250 Million Unsecured Notes Due 2017 
ORLANDO, FL (REIT Media) September 4, 2007 - National Retail Properties, Inc. (NYSE: NNN) today announced that it has priced its public offering of $250 million of unsecured notes due October 15, 2017. The public offering price was 99.649% of the principal amount for a yield of 6.922%. The notes will be senior unsecured obligations of the Company and are registered under the Company's existing shelf registration statement filed with the Securities and Exchange Commission. The offering is expected to close on September 10, 2007, subject to customary closing conditions.
Joint book-running managers for the offering are Banc of America Securities LLC and Wachovia Securities. Senior co-manager for the offering is Credit Suisse. Other co-managers for the offering are SunTrust Robinson Humphrey, Wells Fargo Securities, BB&T Capital Markets, Comerica Securities, Ferris, Baker Watts Incorporated, PNC Capital Markets LLC and Fifth Third Securities, Inc.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the prospectus and the prospectus supplement, subject to completion, relating to these securities may be obtained from Banc of America Securities LLC and from Wachovia Capital Markets, LLC. Any requests can be made by contacting Banc of America Securities LLC by telephone at (800) 294-1322 or by email at dg.prospectus_distribution@bofasecurities.com or by contacting Wachovia Capital Markets, LLC by telephone at (866) 289-1262 or by email at syndicate.ops@wachovia.com. You may also obtain a copy of the prospectus and the prospectus supplement, subject to completion, and other documents the Company has filed with the SEC for free by visiting the Commission's web site at www.sec.gov.
The Company invests primarily in high-quality properties subject generally to long-term, net leases. As of June 30, 2007, the company owned 859 investment properties in 43 states with a gross leasable area of approximately 10 million square feet. For more information on the Company, visit www.nnnreit.com.
Statements in this press release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the Company's actual future results to differ materially from expected results. These risks include, among others, general economic conditions, local real estate conditions, changes in interest rates, increases in operating costs, the availability of capital, and the profitability of the Company's taxable subsidiary. Additional information concerning these and other factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the Company's SEC filings, including, but not limited to, Item 1A. Risk Factors of the Company's Annual Report on Form 10-K. Copies of each filing may be obtained from the Company or the SEC. Consequently, such forward-looking statements should be regarded solely as reflections of the Company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.
Source: National Retail Properties, Inc.
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Sep.04.2007. 17:30
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