NexPoint Real Estate Finance, Inc. announced the pricing of its underwritten public offering of $60 million aggregate principal amount of its 5.75% Senior Unsecured Notes due 2026 (the “Additional Notes”). The Additional Notes were issued at a price of 102.758% of par with a yield to maturity of 5.036%. The Additional Notes are an additional issuance of the Company’s existing $75 million aggregate principal amount of its 5.75% Senior Unsecured Notes due 2026 (the “Initial Notes”) and the Additional Notes will be issued under the same indenture as the Initial Notes, will be treated as a single class of debt securities with the Initial Notes and will have the same terms as the Initial Notes, other than the issue date and offering price. The offering is expected to close on or about December 20, 2021, subject to customary closing conditions.
The Company intends to contribute the net proceeds from this offering into its operating partnership, NexPoint Real Estate Finance Operating Partnership, L.P. (the “OP”), in exchange for OP units. The OP intends to use the net proceeds from this offering to acquire investments that fit within the Company’s investment strategy.
Raymond James is acting as sole book-running manager for the offering. The Company is making this offering pursuant to a shelf registration statement that became effective on March 31, 2021. This offering will be made solely by means of a prospectus and prospectus supplement, copies of which may be obtained from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone (800) 248-8863, email: prospectus@raymondjames.com or through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Additional Notes, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc. is a publicly traded REIT with its shares listed on the New York Stock Exchange under the symbol “NREF.” NREF is primarily focused on originating, structuring and investing in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities.
NexPoint Real Estate Finance, Inc.
Investor Relations
Jackie Graham
JGraham@nexpoint.com
833.463.6697