NNN REIT Secures $300M Term Loan Agreement
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NNN REIT, Inc. has entered into a $300 million Term Loan Agreement, with potential expansion to $500 million, maturing on February 15, 2029. The loan features favorable interest terms linked to credit ratings and includes strategic amendments to the Revolving Credit Agreement. These changes enhance NNN REIT's financial flexibility for corporate purposes. Analysts rate NNN stock as Hold with a $43.00 target, while TipRanks’ AI Analyst, Spark, rates it as Outperform, noting strong financial performance but potential bearish momentum.
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