NexPoint Residential enters $200 million revolving credit facility maturing June 2028
NexPoint Residential Trust, through its operating partnership, entered into a $200.0 million corporate revolving credit facility with J.P. Morgan Chase Bank, N.A. and other lenders on July 11, 2025. The facility can be increased by up to an additional $200.0 million if lenders agree, and it adds borrowing capacity with covenants shareholders should note, including a maximum total leverage ratio and payout ratio.
Key points
- Facility size is $200.0 million, with an optional increase of up to an additional $200.0 million subject to lender agreement.
- Matures June 30, 2028, with a one-year extension option for a fee of 0.15% of amounts outstanding.
- Interest is priced at SOFR plus 1.50% to 2.25% or a base rate plus 0.50% to 1.25%, based on total leverage; unused capacity carries a 0.20% or 0.30% commitment fee.
- Obligations are guaranteed by the Company and, subject to exceptions, secured by equity offering proceeds and pledges of subsidiary equity; Raymond James, a lender, is also a sales agent under the Company's at-the-market offering program.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.