NexPoint launches add-on offering of 5.75% senior notes due 2026

By Marisa Wong

Los Angeles, Jan. 21 – NexPoint Real Estate Finance, Inc. announced it is offering additional 5.75% senior notes due 2026, according to a Friday press release and 8-K filing with the Securities and Exchange Commission.

The add-on notes will be issued under the same indenture as and will be treated as a single class with the company’s existing $135 million of 5.75% notes due 2026. The company issued $75 million of the notes on April 20, 2021 and $60 million on Dec. 20.

Raymond James & Associates, Inc. is acting as bookrunner for the add-on.

The company said it intends to contribute the net proceeds from the offering to its operating partnership, NexPoint Real Estate Finance Operating Partnership, LP, in exchange for units of the operating partnership. The operating partnership in turn will use proceeds to acquire several pipeline investments that 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.

NexPoint is a real estate investment trust based in Dallas.

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