ORLANDO, FL, Nov.
14, 2014 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the
"Company") today announced that it has closed an underwritten public
offering of 5,462,500 shares of common stock at a price of $38.16 per share,
which includes 712,500 shares sold to the underwriters pursuant to the full
exercise of their option to purchase additional shares.
The Company estimates that the net proceeds from the
offering will be approximately $200.1 million, after deducting the underwriting
discount.
The Company intends
to use the net proceeds from the offering to repay outstanding indebtedness
under its credit facility. In addition, the Company intends to use the
remainder of the net proceeds from the offering, if any, to fund future
property acquisitions and for general corporate purposes.
For a complete
copy of the company’s news release, please contact:
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