secwatch.observer — SEC 8-K summary
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Issuer:     NETSTREIT Corp. (NTST)
CIK:        0001798100
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001798100-23-000063
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETSTREIT closes $250M sustainability-linked term loan; $150M drawn, hedged at 4.99%
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798100/000179810023000063/0001798100-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798100/000179810023000063/ntst-20230703.htm
  HTML page:      https://secwatch.observer/filing/0001798100-23-000063

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