NexPoint Real Estate Finance, Inc. (NYSE: NREF) (“NREF” or the “Company”) announced today that it has closed its previously announced underwritten public offering of $35 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 100.875% of par. The Additional Notes were an additional issuance of the Company’s existing $135 million aggregate principal amount of its 5.75% Senior Unsecured Notes due 2026 (the “Existing Notes”) and the Additional Notes were issued under the same indenture as the Existing Notes, were treated as a single class of debt securities with the Existing Notes and had the same terms as the Existing Notes, other than the issue date and offering price.
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. The OP intends to use the net proceeds from this offering to acquire several pipeline investments which are expected to close in the foreseeable future. These investments consist of multifamily, life sciences and hospitality debt and preferred positions offering attractive risk adjusted returns supported by strong, experienced, and well-known sponsors.
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: [email protected] or through the SEC’s website at www.sec.gov.
