NexPoint Residential Trust enters new $250M secured credit facility, replaces $225M facility

NexPoint Residential Trust, Inc.

New $250M secured revolving and term credit facility with Truist Bank as administrative agent; matures June 30, 2024.
Accordion feature allows increase of commitments by up to $100M subject to lender consent.
Interest at LIBOR plus 1.90%-2.40% or base rate plus 0.90%-1.40%, depending on leverage ratio.
Prior $225M facility terminated concurrently; new facility is guaranteed and secured by substantially all assets.
Unused commitment fee of 0.15%-0.25% applies; voluntary prepayment permitted without premium or penalty.

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