NexPoint Residential Trust, Inc. announced on July 16, 2025, the closing of the refinancing of its existing corporate revolving credit facility. The new facility was secured with a syndicate of banks including J.P. Morgan Chase Bank, Raymond James Bank, Royal Bank of Canada, and Synovus.
The refinanced credit facility has an initial maturity of June 2028, with an option to extend until June 2029. A key improvement is a 15 basis point reduction in the credit facility spread across all leverage ratios compared to the prior facility.
The new facility provides NXRT with enhanced financial flexibility and liquidity for future operations, including tax-efficient acquisition strategies, working capital expenditures, and other general corporate purposes. The credit facility may also be increased by up to an additional $200 million, subject to lender agreement.
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