REIT Prices Note Offering

September 08, 2006, 2:00 p.m. EDT 1 Min Read

National Retail Properties Inc., a real estate investment trust based in Orlando, Fla., has priced a public offering of $150 million of convertible senior notes due 2026 at par.The notes have a coupon of 3.95%. They are convertible, subject to various conditions, into cash, common stock, or a combination thereof (at the company's option) at an initial conversion price of $24.449 per share. National Retail Properties can be found online at http://www.nnnreit.com.

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