NETSTREIT Corp. (NTST): debt financing — NETSTREIT enters $450M term loan facility; $300M funded on Sept 25, 2025

NETSTREIT Corp.

$200M 5.5-yr (2031) fully funded; $250M 7-yr (2032) with $100M funded and $150M delayed draw until Sept 25, 2026.
2031 Term Loan fully hedged at 4.59% (as of Oct 1, 2025); 2032 Term Loan partially hedged ($200M at 4.92%), $50M unhedged.
Amendments to existing Wells Fargo, PNC, and Truist credit agreements remove SOFR credit spread adjustment.
Facility is senior unsecured; interest rates tied to leverage ratio or investment grade rating.
Guarantees from Parent and material subsidiaries; customary covenants and default provisions apply.

item 1.01 item 2.03 item 9.01

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

NETSTREIT Corp. amended credit facility with Wells Fargo Bank, National Association.

Instrument: credit facility
Counterparty: Wells Fargo Bank, National Association
Event: amendment

Exact text from the filing

On the Closing Date, the Borrower and the Company also entered into amendments (collectively, the “Amendments”) to: (i) that certain Second Amended and Restated Credit Agreement, dated as of January 15, 2025 (the “Wells Fargo Credit Agreement”)

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

NETSTREIT Corp. incurred term loan of $200.0 million with PNC Bank, National Association at SOFR plus a margin ranging from 1.15% to 1.60% maturing March 25, 2031.

Instrument: term loan
Principal: $200.0 million
Counterparty: PNC Bank, National Association
Rate: SOFR plus a margin ranging from 1.15% to 1.60%
Maturity: March 25, 2031
Event: incurrence

Exact text from the filing

The PNC Term Loan Agreement provides for (i) a $200.0 million senior unsecured, 5.5-year term loan facility (the “2031 Term Loan”), all of which was funded on the Closing Date

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

NETSTREIT Corp. incurred term loan of Delayed Draw Term Loan Commitment of $150.0 million with PNC Bank, National Association at ticking fee of 0.20% per annum maturing September 25, 2026.

Instrument: term loan
Principal: Delayed Draw Term Loan Commitment of $150.0 million
Counterparty: PNC Bank, National Association
Rate: ticking fee of 0.20% per annum
Maturity: September 25, 2026
Event: incurrence

Exact text from the filing

the remaining $150.0 million will be available as a delayed draw term loan commitment (the “Delayed Draw Term Loan Commitment”) until September 25, 2026

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

NETSTREIT Corp. incurred term loan of $100.0 million with PNC Bank, National Association at SOFR plus a margin ranging from 1.50% to 2.20% maturing September 24, 2032.

Instrument: term loan
Principal: $100.0 million
Counterparty: PNC Bank, National Association
Rate: SOFR plus a margin ranging from 1.50% to 2.20%
Maturity: September 24, 2032
Event: incurrence

Exact text from the filing

(ii) a $250.0 million senior unsecured, 7-year term loan facility (the “2032 Term Loan”), of which $100.0 million was funded on the Closing Date

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NETSTREIT Corp. filing history →

Source: SEC EDGAR

accession 0001628280-25-043080

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