National Retail Properties, Inc. Announces Expanded $900 Million Unsecured Credit Facility

ORLANDO, Fla., Oct. 25, 2017

Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated were joint lead arrangers and joint book-runners of this credit facility with Wells Fargo Bank, National Association as the Administrative Agent and Bank of America, N.A. as the Syndication Agent. Documentation Agents were PNC Bank, National Association, Royal Bank of Canada and U.S. Bank, National Association. Other bank participants include Branch Banking & Trust Company, SunTrust Bank, Citibank, N.A., Morgan Stanley Bank, N.A., TD Bank, N.A., Capital One, N.A., and Raymond James Bank, N.A.

"We greatly appreciate the continuing support of our bank group and the confidence they have in our business," said Kevin B. Habicht, Executive Vice President and CFO.  "This expanded facility gives us significant financial flexibility and enhances our ability to take advantage of acquisition opportunities which helps us perpetuate NNN's track record of 28 consecutive increases in our annual dividend."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2017, the company owned 2,675 Investment properties in 48 states with a gross leasable area of approximately 28.1 million square feet with a weighted average remaining lease term of 11.5 years. For more information on the company, visit www.nnnreit.com.

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SOURCE National Retail Properties, Inc.