Market Overview

National Retail Properties To Offer 4M Shares Of Common

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National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has commenced an underwritten public offering of 4,000,000 shares of common stock. As part of the offering, the Company also expects to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock.

BofA Merrill Lynch, Wells Fargo Securities and Morgan Stanley will act as joint book-running managers for the offering. Citigroup, RBC Capital Markets and Raymond James are acting as co-lead managers for the offering. Stifel, BB&T Capital Markets, Capital One Securities, PNC Capital Markets LLC, SunTrust Robinson Humphrey and Piper Jaffray are acting as senior co-managers for the offering. Finally, Baird, FBR and Ladenburg Thalmann are acting as co-managers for the offering.

The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under its credit facility. In addition, the Company intends to use the remainder of the net proceeds from this offering, if any, to fund future property acquisitions and for general corporate purposes.

This offering is being made pursuant to an effective shelf registration statement and prospectus and related prospectus supplement to be filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. When available, copies of the prospectus supplement and related prospectus for this offering may be obtained from BofA Merrill Lynch, Wells Fargo Securities and Morgan Stanley. Any requests can be made by contacting BofA Merrill Lynch, 222 Broadway, New York, New York 10038, attn: Prospectus Department, or email: dg.prospectus_requests@baml.com; Wells Fargo Securities, 375 Park Avenue, New York, NY 10152, attn: Equity Syndicate Department, telephone: 1-800-326-5897 or email: cmclientsupport@wellsfargo.com; or Morgan Stanley, 180 Varick Street, New York, NY 10014 attn: Prospectus Department.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2014, the company owned 2,038 Investment Properties in 47 states with a gross leasable area of approximately 22.1 million square feet.

 

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