secwatch.observer — SEC 8-K summary
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Issuer:     NETSTREIT Corp. (NTST)
CIK:        0001798100
Form:       8-K
Filed at:   2026-10-02T10:45:43+00:00
Accession:  0001104659-26-113030
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798100/000110465926113030/0001104659-26-113030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798100/000110465926113030/tm2626815d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113030

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