NexPoint Real Estate Finance launches $400M offering of 9.0% Series B Preferred Stock

NexPoint Real Estate Finance, Inc.

Up to 16M shares at $25 each for gross proceeds of $400M; net proceeds for general corporate purposes.
Dealer manager is affiliate NexPoint Securities; no public market for Series B expected.
Series B Preferred ranks senior to common, pari passu with Series A; cumulative 9.0% dividend.
Offering terminates when all shares sold or March 14, 2025; subject to extension/termination.
Minimum initial purchase $5,000; reasonable best efforts basis.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NexPoint Real Estate Finance, Inc. amended First Amendment to Second Amended and Restated Limited Partnership Agreement (effective 2023-11-02).

Action: amendment
Agreement: collaboration
Effective: 2023-11-02

Exact text from the filing

On November 2, 2023, the General Partner of NexPoint Real Estate Finance Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), entered into a First Amendment to Second Amended and Restated Limited Partnership Agreement (the “Amendment”) of the Operating Partnership.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NexPoint Real Estate Finance, Inc. entered into Dealer Manager Agreement with NexPoint Securities, Inc. (effective 2023-11-02).

Action: entry
Agreement: underwriting
Counterparty: NexPoint Securities, Inc.
Effective: 2023-11-02

Exact text from the filing

On November 2, 2023, NexPoint Real Estate Finance, Inc., a Maryland corporation (the “Company”), entered into a Dealer Manager Agreement (the “Dealer Manager Agreement”) with NexPoint Securities, Inc., a Delaware corporation (the “Dealer Manager”)

View on SEC.gov

26 material agreements filed in the last 30 days. Browse all material agreements →

NexPoint Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-030026

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