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Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events:
NNN reviewed all subsequent events and transactions that have occurred after September 30, 2012, the date of the condensed consolidated balance sheet.
In September 2012, the market price condition on NNN's 3.95% convertible senior notes due 2026 ("2026 Notes") was satisfied, and the 2026 Notes became convertible during the quarter beginning October 1, 2012. The 2026 Notes are currently convertible at a rate of 42.624 shares of NNN's common stock per $1,000 principal amount of 2026 Notes. Through November 2, 2012, approximately $100.6 million principal amount of 2026 Notes had been surrendered for conversion, and approximately $38.1 million principal amount of 2026 Notes remained outstanding.
On October 31, 2012, NNN announced it had amended its Credit Facility, increasing its borrowing capacity from $450,000,000 to $500,000,000, reducing its interest rate to LIBOR plus 117.5 basis points based on NNN's current debt rating, extending the Credit Facility's maturity to October 2016 and amending certain other terms.
There were no other reportable subsequent events or transactions.