Thursday, March 28, 2013

National Retail Properties, Inc. Announces Convertibility Of Notes



ORLANDO, FL,  March 28, 2013 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that the market price condition on its 5.125% Convertible Senior Notes due 2028 ("Notes") has been satisfied, and that the Notes will be convertible during the calendar quarter beginning April 1, 2013. 

The Notes are currently convertible at a rate of 39.515 shares of the Company's common stock per $1,000 principal amount of Notes.  Pursuant to the terms of the indenture, the conversion rate is subject to certain adjustments during the period in which the Notes are convertible.

Additionally, the Notes are redeemable by the Company beginning June 17, 2013.  The Company has not determined whether it will proceed with the redemption of the Notes, but, in order to avoid potential confusion in connection with payment of interest on June 17, 2013, the Company does not intend to redeem the notes prior to June 20, 2013.

 For a complete copy of the company’s news release, please contact:

investorrelations@nnnreit.com

No comments:

Post a Comment