trending Market Intelligence /marketintelligence/en/news-insights/trending/jrvoldvcj8qeuh3qs61lwa2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

National Retail Properties closes depositary share offering

Assessing The Impact Of COVID-19 On Businesses: Changes Happening With More On The Way

Small Scale Solar Projects by the Numbers

Infographic: Solar Power by the Numbers - The U.S., Canada and Mexico

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update


National Retail Properties closes depositary share offering

National Retail Properties Inc. completed its public offering of 13.8 million depositary shares for estimated net proceeds of roughly $334.3 million.

Each depositary share in the offering, which was priced at $25.00 per share, represents a 0.01 interest in the company's 5.20% series F cumulative redeemable preferred stock. National Retail Properties noted that the underwriters fully exercised their overallotment option to acquire 1.8 million additional depositary shares.

The net proceeds will go toward the repayment of all outstanding debt under the company's credit facility, while any remaining proceeds will be used to fund future property purchases and for general corporate purposes.

Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the joint book-running managers.

Citigroup Global Markets Inc., Raymond James & Associates Inc., RBC Capital Markets LLC and Stifel Nicolaus & Co. Inc. were the senior co-managers for the offering, while BB&T Capital Markets, a division of BB&T Securities LLC; Capital One Securities Inc.; PNC Capital Markets LLC and U.S. Bancorp Investments Inc. were the co-managers.