Credit Facility Refinancing

Search documents
NexPoint Residential Trust, Inc. Completes Refinancing of Corporate Credit Facility
Prnewswireยท 2025-07-16 12:30
Core Points - NexPoint Residential Trust, Inc. has successfully refinanced its existing corporate revolving credit facility with major banks, enhancing its financial flexibility [1][2] - The new credit facility has an initial maturity of June 2028, extendable to June 2029, with improved interest rates compared to the previous facility [2] - The facility allows for an increase of up to $200 million, subject to lender agreement, and is secured by equity interests in subsidiaries and proceeds from capital events [2] - The Chief Investment Officer expressed confidence that the new credit agreement will enable the company to capitalize on growth opportunities in improving markets [3] Company Overview - NexPoint Residential Trust is a publicly traded REIT focused on acquiring, owning, and operating middle-income multifamily properties with value-add potential, primarily in the Southeastern and Southwestern United States [4]