NexPoint Real Estate Finance, Inc. Announces Closing of $75 million Offering of 5.75% Senior Unsecured Notes due 2026

Rhea-AI Summary

NexPoint Real Estate Finance, Inc. (NYSE: NREF) has successfully completed a public offering of $75 million in 5.75% Senior Unsecured Notes due 2026. The net proceeds will be contributed to its operating partnership to acquire investments aligned with its strategy. Raymond James served as the sole book-running manager for this offering, which utilized a shelf registration effective March 31, 2021. This announcement does not constitute an offer or solicitation in any jurisdiction where it would be unlawful.

DALLAS, April 20, 2021 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF" or the "Company") announced today that it has closed its previously announced underwritten public offering of $75 million aggregate principal amount of its 5.75% Senior Unsecured Notes due 2026 (the "Notes").

The Company intends to contribute the net proceeds from this offering to its operating partnership, NexPoint Real Estate Finance Operating Partnership, L.P. (the "OP") in exchange for OP units and our OP intends to contribute the net proceeds from this offering to its wholly owned subsidiary partnership ("OP IV") for OP IV units. OP IV intends to use the net proceeds from this offering to acquire investments that fit within the Company's investment strategy.

Raymond James acted as sole book-running manager for the offering. The Company made this offering pursuant to a shelf registration statement that became effective on March 31, 2021. This offering was 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 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.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "anticipate," "estimate," "expect," "intend," "may," "should" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds. They are not guarantees of 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 severity of the COVID-19 pandemic, and the effectiveness of actions taken, or actions that may be taken, by governmental authorities to contain the outbreak or treat its impact, as well as those described in greater detail in our filings with the Securities and Exchange Commission, particularly those specifically described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.  Readers should not place undue reliance on any forward-looking statements and are encouraged to review NREF's other filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statement. The statements made herein speak only as of the date of this press release and except as required by law, NREF does not undertake any obligation to publicly update or revise any forward-looking statements.

Contact:

NexPoint Real Estate Finance, Inc.
Investor Relations
Jackie Graham
JGraham@nexpoint.com
833.463.6697

 

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SOURCE NexPoint Real Estate Finance, Inc.

FAQ

What is the recent public offering by NexPoint Real Estate Finance (NREF)?

NexPoint Real Estate Finance has closed a public offering of $75 million in 5.75% Senior Unsecured Notes due 2026.

Who managed the recent public offering for NREF?

Raymond James acted as the sole book-running manager for NexPoint Real Estate Finance's public offering.

What will NexPoint Real Estate Finance do with the proceeds from the offering?

The net proceeds from the offering will be contributed to its operating partnership to acquire investments that fit within the Company's investment strategy.

When was the public offering by NREF closed?

The public offering by NexPoint Real Estate Finance was closed on April 20, 2021.

What is the interest rate on the Senior Unsecured Notes from NREF?

The Senior Unsecured Notes offered by NexPoint Real Estate Finance carry an interest rate of 5.75%.