debt
confidence high
sentiment neutral
materiality 0.55
NexPoint Diversified enters guaranty on $28.5M NSP loan and closes $39.4M OSL loan
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
- Company guarantees up to $28.5M of NSP Borrowers' loan; fixed rate 3.62%, due Oct 2031.
- Indirect subsidiaries borrow $39.39M from affiliate OSL at 8.5%, maturing Feb 2029.
- OSL loan proceeds refinance existing debt on Bradenton Hampton Inn & Suites and Hyatt Place Park City.
- Both loans have non-recourse carve-out guarantees with springing full recourse for bad acts or bankruptcy.
- NSP Guaranty requires combined net worth >$28.5M and liquid assets >$2.85M.