<a href="https://laohu8.com/S/NXRT">NexPoint Residential Trust Inc</a>. Secures $200 Million Revolving Credit Facility with J.P. Morgan Chase Bank and Partners
NexPoint Residential Trust Inc. has announced the entry into a new corporate revolving credit facility agreement with J.P. Morgan Chase Bank, N.A., effective July 11, 2025. The agreement, valued at $200 million, offers NexPoint the potential to increase the credit facility by an additional $200 million, contingent upon lender approval. This facility is set to mature on June 30, 2028, with an option for a one-year extension subject to certain conditions and a 0.15% extension fee. The credit facility is guaranteed by NexPoint and secured by a security interest in proceeds from equity offerings and other capital events. The interest rate on advances under the facility will vary based on the company's total leverage ratio. Raymond James, involved in the credit facility as a lender, may also engage in future financial activities with NexPoint.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NexPoint Residential Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-022767), on July 16, 2025, and is solely responsible for the information contained therein.
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