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.

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