real estate investment trust nnn reit inc nnn has priced its public offering of 500 million of 5600 senior unsecured notes due 2033 the notes were offered at 97676 of the principal amount with a yield to maturity of 5905 interest on the notes will be payable semiannually on april 15 and october 15 of each year commencing on april 15 2024 the notes mature on october 15 2033 the offering is expected to close on or about august 15 2023 the company intends to use the net proceeds from the offering to repay all of the outstanding indebtedness under its credit facility to fund future property acquisitions and for general corporate purposes price action nnn shares closed lower by 143 at 3900 on tuesday