NexPoint Residential Trust, Inc. (NXRT): debt financing — NexPoint Residential Trust enters $200M credit facility maturing 2028

NexPoint Residential Trust, Inc.

OP entered $200M revolving credit facility with JPMorgan Chase; can increase by up to $200M with lender consent.
Matures June 30, 2028; one-year extension option available upon meeting criteria and paying 0.15% fee on outstanding.
Interest on SOFR loans: SOFR + 1.50%-2.25% or base rate + 0.50%-1.25%, based on total leverage ratio.
Commitment fee of 0.20%-0.30% on unused capacity, determined by average utilization.
Facility secured by equity pledges and capital-event proceeds; guaranteed by parent company NexPoint Residential Trust, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NexPoint Residential Trust, Inc. incurred revolving credit of $200.0 million corporate revolving credit facility with J.P. Morgan Chase Bank, N.A. at daily Secured Overnight Financing Rate ("SOFR") plus a margin of 1.50% to 2.25% maturing June 30, 2028.

Instrument: revolving credit
Principal: $200.0 million corporate revolving credit facility
Counterparty: J.P. Morgan Chase Bank, N.A.
Rate: daily Secured Overnight Financing Rate ("SOFR") plus a margin of 1.50% to 2.25%
Maturity: June 30, 2028
Event: incurrence

Exact text from the filing

On July 11, 2025, NexPoint Residential Trust, Inc. (the “Company”), through its operating partnership, NexPoint Residential Trust Operating Partnership, L.P. ( the “OP”), entered into a $200.0 million corporate revolving credit facility with J.P. Morgan Chase Bank, N.A. and the lenders party thereto from time to time (the “Credit Facility”).

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NexPoint Residential Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-022767

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