NETSTREIT Corp. (NTST): debt financing — NETSTREIT closes $250M sustainability-linked term loan; $150M drawn, hedged at 4.99%

NETSTREIT Corp.

$250M senior unsecured term loan with 12-month delayed draw; $150M drawn at July 3, 2023 closing.
Interest accrues at SOFR + 1.15%-1.60% (pre-IG) or 0.80%-1.60% (post-IG); entire facility hedged at all-in fixed 4.99% through Jan 2029.
Maturity July 3, 2026; Borrower may extend twice by 1 year and once by 6 months subject to conditions.
Sustainability-linked pricing offers up to 0.025% rate reduction based on tenant GHG emission targets per SBTi.
Proceeds used for general corporate purposes.

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. incurred term loan of $250.0 million with Truist Bank, National Association, as Administrative Agent at an all-in fixed interest rate of 4.99%, through January 2029, which consists of maturing July 3, 2026.

Instrument: term loan
Principal: $250.0 million
Counterparty: Truist Bank, National Association, as Administrative Agent
Rate: an all-in fixed interest rate of 4.99%, through January 2029, which consists of
Maturity: July 3, 2026
Event: incurrence

Exact text from the filing

Borrower, the Company, the several financial institutions party thereto and Truist Bank, National Association, as Administrative Agent. The Term Loan Agreement provides for a $250.0 million sustainability linked senior unsecured term loan (the “Term Loan”) which may, subject to the terms of the Term Loan Agreement, be increased in an amount of up to $400.0 million

View on SEC.gov

Browse all debt financings →

NETSTREIT Corp. filing history →

Source: SEC EDGAR

accession 0001798100-23-000063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.