ORLANDO, Fla., Aug. 8, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) (the "Company"), a real estate investment trust, today announced that it has priced its public offering of $500,000,000 of 5.600% senior unsecured notes due 2033 (the "notes").  The notes were offered at 97.676% of the principal amount with a yield to maturity of 5.905%.  Interest on the notes will be payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2024.  The notes mature on October 15, 2033. The offering is expected to close on or about August 15, 2023, subject to customary closing conditions. BofA Securities, Inc., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC, and Truist Securities, Inc. are acting as joint book running-managers and Capital One Securities, Inc., Raymond James & Associates, Inc., and Stifel, Nicolaus & Company, Incorporated are acting as senior co-managers for the offering. The Company intends to use the net proceeds from the offering of the notes to repay all of the outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes.