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Line Of Credit Payable | 6 Months Ended
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Jun. 30, 2013
Line of Credit Facility [Abstract] |
Line Of Credit Payable | Line of Credit Payable: NNN's $500,000,000 revolving credit facility (the “Credit Facility”) had a weighted average outstanding balance of $72,806,000 and a weighted average interest rate of 1.4% during the six months ended June 30, 2013. The Credit Facility matures October 2016, unless the Company exercises its option to extend maturity to October 2017. The Credit Facility bears interest at LIBOR plus 117.5 basis points; however, such interest rate may change pursuant to a tiered interest rate structure based on NNN's debt rating. The Credit Facility also includes an accordion feature to increase the facility size up to $1,000,000,000, subject to lender approval. As of June 30, 2013, there was no outstanding balance, and $500,000,000 was available for future borrowings under the Credit Facility.

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- Definition Disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References No definition available. + Details
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- Details
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