National Retail Properties gets new $400M loan

ORLANDO, Fla. (AP) - Retail real estate investment trust National Retail Properties Inc. said Wednesday it has a new $400 million credit facility, which will replace one set to mature May 2010.

The new loan matures November 2012, with an option to extend it for a year and a half. It may also be increased to $500 million.

Wells Fargo Securities and Banc of America Securities led the deal. The company said the new loan will make it easier to take advantage of acquisition opportunities.

Shares dipped 5 cents to $19.74 in afternoon trading.