NexPoint Real Estate Finance, Inc. Announces Offering of Senior Unsecured Notes

Rhea-AI Summary

NexPoint Real Estate Finance, Inc. (NREF) announced the launch of an offering for its 5.75% Senior Notes due 2026, expanding upon a previously issued $75 million in notes. The new Additional Notes will be issued under the same indenture and share identical terms with the Initial Notes. Proceeds from this offering will go to the operating partnership for strategic investments. Raymond James is the sole book-running manager for this offering, which follows a shelf registration effective since March 31, 2021. This press release does not serve as an offer or solicitation for the purchase of the notes.

Positive

• NREF is expanding its existing 5.75% Senior Notes offering, indicating confidence in financial stability.
• Proceeds will be used for investment opportunities aligning with the company's strategy.

Negative

• None.

DALLAS, Dec. 16, 2021 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF" or the "Company") announced today that it has launched an offering of its 5.75% Senior Notes due 2026 (the "Additional Notes"). The Additional Notes are being offered as an additional issue of the Company's existing $75 million aggregate principal amount of 5.75% Senior Notes due 2026 that the Company issued on April 20, 2021 (the "Initial Notes"). 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, other than the issue date and offering price.

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 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" 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 proposed offering and 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 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 (the "SEC"), particularly those 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.

Contacts

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 did NexPoint Real Estate Finance announce on December 16, 2021?

NexPoint Real Estate Finance announced the offering of its 5.75% Senior Notes due 2026, an addition to existing notes issued earlier.

What is the purpose of the proceeds from the NREF Senior Notes offering?

The proceeds from the NREF Senior Notes offering will be used by the operating partnership for investments that fit the company's strategy.

Who is managing the Senior Notes offering for NREF?

Raymond James is the sole book-running manager for the offering of NREF's Senior Notes.

When did NREF issue its initial 5.75% Senior Notes?

NREF issued its initial 5.75% Senior Notes on April 20, 2021.

What is the total amount of NREF's Senior Notes offering?

The total amount of the offering for NREF's Additional Notes is not specified, but it is additional to the existing $75 million in Senior Notes.