NexPoint Real Estate Finance, Inc.Announces Closing of $ 60 Million Offering of 5.75% Senior Unsecured Notes Due 2026
DALLAS, 20 December 2021 / PRNewswire / – NexPoint Real Estate Finance, Inc. (NYSE: NREF) (âNREFâ or the âCompanyâ) today announced that it has completed its previously announced public subscribed offering in the aggregate principal amount $ 60 million of its 5.75% Senior Unsecured Securities due 2026 (the âAdditional Securitiesâ). The Additional Notes were issued at a price of 102.758% of par with a yield to maturity of 5.036%. The additional tickets were an additional issue of the Company’s existing tickets. $ 75 million principal aggregate of its 5.75% Senior Unsecured Notes due 2026 (the âInitial Notesâ) and Additional Notes were issued under the same Trust Indenture as the Initial Notes, were treated as one category of debt securities with the Original Notes and had the same terms as the Original Notes, except for the date of issue and the offering price.
The Company intends to contribute the net proceeds of this offering to its operating partnership, NexPoint Real Estate Finance Operating Partnership, LP (the âPOâ), in exchange for PO units. The PO intends to use the net proceeds of this offering to acquire investments that are in line with the Company’s investment strategy.
Raymond James acted as the only accounting manager for the offer. The Company made this offer in accordance with a prior registration statement which entered into force on March 31, 2021. This offer has been made only by means of a prospectus and a prospectus supplement, copies of which can be obtained from Raymond James & Associates, Inc., 880 Carillon Drive, St. Petersburg, Florida 33716, phone (800) 248-8863, e-mail: [email protected] or through the SEC website at www.sec.gov.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc. is a publicly traded REIT whose shares trade on the New York Stock Exchange under the symbol “NREF”. NREF primarily focuses on creating, structuring and investing in senior mortgages, mezzanine loans, preferred stocks and alternative structured finance in commercial real estate properties, as well as commercial mortgage backed securities. multi-family.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on the current expectations, assumptions and beliefs of management. Forward-looking statements can often be identified by words such as “anticipate”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions, and variations or negative aspects of these words. These forward-looking statements include, without limitation, statements regarding the intended use of the products. They do not guarantee future results and forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including the ultimate geographic spread, duration and the severity of COVID. -19 pandemic, and the effectiveness of measures taken, or measures that could be taken, by government authorities to contain the epidemic or address its impact, as well as those described in more detail in our documents filed with the Securities and Exchange Commission, in particular those specifically described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Readers should not place undue reliance on forward-looking statements and are encouraged to consult other documents filed by NREF with the SEC for a more complete discussion of the risks and other factors that could affect any forward-looking statement. Statements made here speak only as of the date of this press release and, except as required by law, NREF assumes no obligation to publicly update or revise any forward-looking statements.
NexPoint Real Estate Finance, Inc.
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