secwatch.observer — SEC 8-K summary
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Issuer:     NETSTREIT Corp. (NTST)
CIK:        0001798100
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001798100-25-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NETSTREIT amends credit facilities with Wells Fargo, PNC, Truist; adds $175M Tranche B term loan
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- Amended Wells Fargo credit: $175M term loan due Jan 2029 (extendable); PNC credit: $200M + $175M term loans plus $500M revolver ($247M drawn).
- Tranche B PNC term loan of $175M fully funded at close; proceeds used for general corporate purposes.
- Interest rates fluctuate based on leverage ratio or Investment Grade Rating; Tranche B PNC fully hedged at 5.12% all-in.
- Maturities: Tranche A PNC Feb 2028; Wells Fargo term, Tranche B PNC, and revolver Jan 2029, each extendable one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798100/000179810025000007/0001798100-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798100/000179810025000007/ntst-20250115.htm
  HTML page:      https://secwatch.observer/filing/0001798100-25-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer