NETSTREIT adds $550M of term loans, repays $200M 2028 maturity; new $400M delayed-draw facility undrawn

NETSTREIT Corp.

Sept 28, 2026 PNC agented amendment: $100M added to the 5.5-year 2031 term loan (now $300M) and $50M to the 7-year 2032 term loan (now $300M).
New $400M senior unsecured 2033 delayed-draw term loan matures Sept 28, 2033, is drawable until Sept 28, 2027, and carries a 0.20% ticking fee on undrawn amounts after 91 days.
Incremental loans were fully funded at closing and, with a $50M draw under the 2032 loan, repaid in full the $200M term loan due February 2028.
Pricing: 2031 loan at SOFR + 0.75%-1.55% (margin cut 5 bps); 2032/2033 loans at SOFR + 1.15%-2.20%, set by credit rating and leverage.
Parallel amendments cut margins under the Wells Fargo, PNC and Truist credit agreements; Manufacturers and Traders Trust Company joined as a new lender.

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