Subsequent Events

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events:

NNN reviewed its subsequent events and transactions that have occurred after September 30, 2017, the date of the condensed consolidated balance sheet.

In October 2017, NNN announced it had amended its Credit Facility, increasing its borrowing capacity from $650,000,000 to $900,000,000 (as so amended, the “Amended Credit Facility”).The Amended Credit Facility matures January 2022, with options by NNN to extend maturity to January 2023. The Amended Credit Facility will initially bear interest at LIBOR plus 87.5 basis points; however, such interest rate may change pursuant to a tiered interest rate structure based on NNN's debt rating. The Amended Credit Facility also includes an accordion feature for NNN to increase the facility size up to $1,600,000,000, subject to lender approval.

In October 2017, NNN repaid the $250,000,0006.875% notes payable that were due in October 2017.

There were no additional reportable subsequent events or transactions.