Company: NNN
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001193125-25-146859
Chunk: 64

Company: NNN REIT, INC.
Filing Date: 2025-06-25
Form: 424B5
Chunk 64
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 present at a meeting of holders of the debt securities:

| • |     | the principal amount of an original issue discount security that shall be deemed to be outstanding shall be the                    
 amount of the principal that would be due and payable as of the date of such determination if the maturity were to be accelerated; |

| • |     | the principal amount of a debt security denominated in a foreign currency that shall be deemed outstanding shall                                                                                                                                      
 be the U.S. dollar equivalent, determined on the issue date for such debt security, of the principal amount (or, in the case of an original issue discount security, the U.S. dollar equivalent on the issue date of such debt security of the amount 
 determined as provided above);                                                                                                                                                                                                                        |

| • |     | the principal amount of an indexed security that shall be deemed outstanding shall be the principal face amount 
 of such indexed security at original issuance, unless the Indenture otherwise provides; and                     |

| • |     | debt securities we own or any other obligor upon the debt securities or any of our affiliates or of such other 
 obligor shall be disregarded.                                                                                  |

Meetings of the Holders of Debt Securities The Indenture contains provisions for convening meetings of the holders of an issued series of debt securities. A meeting may be called at any time by the trustee, at our request or at the request of holders of at 15

least 25% in principal amount of the outstanding debt securities of such series, in any such case, upon notice given as provided in the Indenture. Except for any consent that must be given by the holder of each debt security affected by certain modifications and amendments of the Indenture, any resolution presented at a meeting or adjourned meeting duly reconvened at which a quorum is present may be adopted by the affirmative vote of the holders of a majority in principal amount of the outstanding debt securities of that series. However, except as referred to above, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action that may be made, given or taken by the holders of a specified percentage which is less than a majority in principal amount of the outstanding debt securities of a series may be adopted at a meeting or adjourned meeting duly reconvened. Such resolution must be adopted at a meeting or adjourned meeting at which a quorum is present by the affirmative vote of the holders of that specified percentage in principal amount of the outstanding debt securities of that series.