debt
confidence high
sentiment neutral
materiality 0.50
VineBrook Homes enters $10M secured revolving credit facility at 9% with OSL, maturing Aug 2027
VINEBROOK HOMES TRUST, INC.
- Secured $10M revolving credit agreement with Ohio State Life Insurance Company (OSL) at 9% per annum.
- Maturity date set at August 7, 2027; amounts outstanding must not exceed borrowing base.
- Unused line fee of 0.50% per annum; prepayment permitted without premium or penalty.
- Covenants include maximum debt-to-capital ratio, minimum net asset value, and minimum NOI.
- OSL may be deemed an affiliate of external adviser NexPoint Real Estate Advisors V through common ownership.
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