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:
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