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Notes Payable (Details) (USD $)
12 Months Ended
Dec. 31, 2013
instrument
Dec. 31, 2012
Jun. 30, 2012
2012 Notes
Dec. 31, 2013
2014 Notes
Dec. 31, 2013
2015 Notes
Dec. 31, 2013
2017 Notes
Dec. 31, 2013
2021 Notes
Dec. 31, 2013
2022 Notes
Dec. 31, 2013
2023 Notes
Jun. 30, 2004
Interest Rate Swap
2014 Notes
Sep. 30, 2007
Interest Rate Swap
2017 Notes
Jul. 31, 2011
Interest Rate Swap
2021 Notes
derivative
Apr. 30, 2013
Forward Starting Swaps
2023 Notes
derivative
Notes Payable [Line Items]                          
Principal     $ 50,000,000 $ 150,000,000 [1],[2],[3],[4] $ 150,000,000 [1] $ 250,000,000 [1],[5] $ 300,000,000 [1],[6] $ 325,000,000 [1] $ 350,000,000 [1],[7]        
Discount 10,816,000 9,338,000   440,000 [1],[2],[3],[4],[8] 390,000 [1],[8] 877,000 [1],[5],[8] 4,269,000 [1],[6],[8] 4,989,000 [1],[8] 2,594,000 [1],[7],[8]        
Net Price       149,560,000 [1],[2],[3],[4] 149,610,000 [1] 249,123,000 [1],[5] 295,731,000 [1],[6] 320,011,000 [1] 347,406,000 [1],[7]        
Stated Rate     7.75% 6.25% [1],[2],[3],[4] 6.15% [1] 6.875% [1],[5] 5.50% [1],[6] 3.80% [1] 3.30% [1],[7]        
Effective Rate       5.91% [1],[2],[3],[4],[9] 6.185% [1],[9] 6.924% [1],[5],[9] 5.69% [1],[6],[9] 3.984% [1],[9] 3.388% [1],[7],[9]        
Derivative, Fixed Interest Rate                   4.61%      
Notional amount                   94,000,000 100,000,000 150,000,000 240,000
Liability amount from termination of hedge agreement                     3,260,000 5,300,000 3,000
Liability amount from termination of hedge agreement, comprehensive income                   4,148,000 3,228,000 5,218,000 3,000
Number of Interest Rate Derivatives Held 0                     2 4
Debt Issuance Costs Incurred $ 13,550,000                        
[1] The proceeds from the note issuance were used to pay down outstanding indebtedness of NNN’s Credit Facility.
[2] NNN plans to use proceeds from the Credit Facility and/or potential debt or equity offerings to repay the outstanding indebtedness.
[3] The proceeds from the note issuance were used to repay the obligation of the 2004 Notes.
[4] NNN entered into a forward starting interest rate swap agreement which fixed a swap rate of 4.61% on a notional amount of $94,000. Upon issuance of the 2014 Notes, NNN terminated the forward starting interest rate swap agreement resulting in a gain of $4,148. The gain has been deferred and is being amortized as an adjustment to interest expense over the term of the 2014 Notes using the effective interest method.
[5] NNN entered into an interest rate hedge with a notional amount of $100,000. Upon issuance of the 2017 Notes, NNN terminated the interest rate hedge agreement resulting in a liability of $3,260, of which $3,228 was recorded to other comprehensive income. The liability has been deferred and is being amortized as an adjustment to interest expense over the term of the 2017 Notes using the effective interest method.
[6] NNN entered into two interest rate hedges with a total notional amount of $150,000. Upon issuance of the 2021 Notes, NNN terminated the interest rate hedge agreements resulting in a liability of $5,300, of which $5,218 was deferred in other comprehensive income. The deferred liability is being amortized over the term of the note using the effective interest method.
[7] NNN entered into four forward starting swaps with an aggregate notional amount of $240,000. Upon issuance of the 2023 Notes, NNN terminated the forward starting swaps resulting in a liability of $3,156, of which $3,141 was deferred in other comprehensive income. The deferred liability is being amortized over the term of the note using the effective interest method.
[8] The note discounts are amortized to interest expense over the respective term of each debt obligation using the effective interest method.
[9] Includes the effects of the discount, treasury lock gain / loss and swap gain / loss, as applicable.