secwatch.observer — SEC 8-K summary
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Issuer:     NexPoint Residential Trust, Inc. (NXRT)
CIK:        0001620393
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0001437749-21-016199
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620393/000143774921016199/0001437749-21-016199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620393/000143774921016199/nxrt20210630_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-016199

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