{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-043080","form_type":"8-K","ticker":"NTST","cik":"0001798100","company_name":"NETSTREIT Corp.","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.023564+00:00","generated_at":"2026-05-17T05:25:53.701338+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NETSTREIT enters $450M term loan facility; $300M funded on Sept 25, 2025","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-043080","json":"https://secwatch.observer/filing/0001628280-25-043080.json","markdown":"https://secwatch.observer/filing/0001628280-25-043080.md","text":"https://secwatch.observer/filing/0001628280-25-043080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798100/000162828025043080/0001628280-25-043080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798100/000162828025043080/ntst-20250925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:25:53.701338+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ffd1f44aac599476003caef172aec9e77fdc551","claim":"NETSTREIT Corp. amended credit facility with Wells Fargo Bank, National Association.","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798100/000162828025043080/0001628280-25-043080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"895cb80a1ff494a981a20f96d9134793d079c149","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798100/000162828025043080/0001628280-25-043080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"SOFR plus a margin ranging from 1.15% to 1.60%"},{"label":"Maturity","value":"March 25, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"95f09e7b5cc656ab7697dbae941de28a4780d33d","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798100/000162828025043080/0001628280-25-043080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"Delayed Draw Term Loan Commitment of $150.0 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"ticking fee of 0.20% per annum"},{"label":"Maturity","value":"September 25, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ead04894efacba770360f63f24b4702775dc600f","claim":"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.","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798100/000162828025043080/0001628280-25-043080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$100.0 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"SOFR plus a margin ranging from 1.50% to 2.20%"},{"label":"Maturity","value":"September 24, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}