---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015871"
form_type: "8-K"
ticker: "NXDT"
cik: "0001356115"
company_name: "NEXPOINT DIVERSIFIED REAL ESTATE TRUST"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:18:01.378025+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NexPoint Diversified Real Estate Trust enters $20M revolver with NexBank, expandable to $50M

## Summary
- Initial $20M facility with option to increase up to $50M; interest rate = 1-month SOFR + 3.50%.
- Term 1 year, renewable for two additional one-year terms; secured by equity pledges of borrower subsidiaries.
- Guaranty by NexPoint Diversified Real Estate Trust; NexBank is an affiliate of the investment adviser.
- Minimum debt service coverage, max leverage, and minimum liquidity covenants; no prepayment penalty.

## SEC filing metadata
- accession: 0001437749-23-015871
- form_type: 8-K
- ticker: NXDT
- cik: 0001356115
- company_name: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1356115/000143774923015871/0001437749-23-015871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1356115/000143774923015871/nexsof20230524_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015871
- JSON: https://secwatch.observer/filing/0001437749-23-015871.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015871.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774923015871/0001437749-23-015871-index.htm
- Debt Financings
  NEXPOINT DIVERSIFIED REAL ESTATE TRUST entered an off-balance-sheet arrangement for guarantee with NexBank.
  - Instrument: guarantee
  - Counterparty: NexBank
  - Event: off balance sheet
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774923015871/0001437749-23-015871-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1356115/000143774923015871/0001437749-23-015871-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.