secwatch.observer — SEC 8-K summary
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Issuer:     NETSTREIT Corp. (NTST)
CIK:        0001798100
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001798100-23-000060
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETSTREIT enters into $175M senior unsecured term loan to refinance existing debt
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- $175M term loan matures Jan 15, 2026 with one-year extension option at Borrower's election.
- Interest rate based on Total Leverage Ratio (SOFR + 1.15%-1.60%) or, post-IGR, on credit rating (SOFR + 0.80%-1.60%).
- Proceeds used to repay all outstanding obligations under the prior credit agreement dated Dec 2019.
- Amended and Restated Credit Agreement includes customary covenants (max leverage, fixed charge coverage, secured leverage, min tangible net worth).
- Parent and certain subsidiaries guarantee the obligations under the new credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798100/000179810023000060/0001798100-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798100/000179810023000060/ntst-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001798100-23-000060

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