Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEXPOINT DIVERSIFIED REAL ESTATE TRUST incurred revolving credit of initial principal amount of $20 million, with the option for the Borrowers to receive additional disbursements thereunde with NexBank at 1-month SOFR term rate plus 3.50% per annum maturing initial term of one year.
- Instrument
- revolving credit
- Principal
- initial principal amount of $20 million, with the option for the Borrowers to receive additional disbursements thereunde
- Counterparty
- NexBank
- Rate
- 1-month SOFR term rate plus 3.50% per annum
- Maturity
- initial term of one year
- Event
- incurrence
Exact text from the filing
On May 22, 2023, the Company’s operating partnership, NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the “OP”), and two of the Company’s indirect subsidiaries, NexPoint Real Estate Capital, LLC (“NREC”) and NexPoint Real Estate Opportunities, LLC (“NREO”), as borrowers (collectively, the “Borrowers”), entered into a loan agreement (the “Loan Agreement”), for a revolving credit facility (the “Facility”) with NexBank, as lender, in the initial principal amount of $20 million, with the option for the Borrowers to receive additional disbursements thereunder up to a maximum amount of $50 million.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEXPOINT DIVERSIFIED REAL ESTATE TRUST entered an off-balance-sheet arrangement for guarantee with NexBank.
- Instrument
- guarantee
- Counterparty
- NexBank
- Event
- off balance sheet
Exact text from the filing
In connection with the foregoing, the Company entered into a guaranty agreement (the “Guaranty Agreement”), dated May 22, 2023, pursuant to which the Company has guaranteed the Borrowers’ payment obligations to NexBank under the Facility.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEXPOINT DIVERSIFIED REAL ESTATE TRUST entered into Loan Agreement and Guaranty Agreement with NexBank valued at $20 million initial principal amount, up to $50 million maximum (effective 2023-05-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- NexBank
- Value
- $20 million initial principal amount, up to $50 million maximum
- Effective
- 2023-05-22
Exact text from the filing
On May 22, 2023, the Company’s operating partnership, NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (the “OP”), and two of the Company’s indirect subsidiaries, NexPoint Real Estate Capital, LLC (“NREC”) and NexPoint Real Estate Opportunities, LLC (“NREO”), as borrowers (collectively, the “Borrowers”), entered into a loan agreement (the “Loan Agreement”), for a revolving credit facility (the “Facility”) with NexBank, as lender, in the initial principal amount of $20 million, with the option for the Borrowers to receive additional disbursements thereunder up to a maximum amount of $50 million.
View on SEC.gov