DALLAS, Jan. 21, 2022 /PRNewswire/ -- NexPoint Real
Estate Finance, Inc. (NYSE: NREF) ("NREF" or the "Company")
announced today the pricing of its 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 with a yield to
maturity of 5.514%. The Additional Notes are 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 will be issued under the same indenture as the Existing
Notes, will be treated as a single class of debt securities with
the Existing Notes and will have the same terms as the Existing
Notes, other than the issue date and offering price. The offering
is expected to close on or about January 25,
2022, subject to customary closing conditions.
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 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.
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 and
the closing of the Additional Notes offering. 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.
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.