NexPoint Real Estate Finance, Inc. - Senior Secured Term Loan Agreement

NexPoint Real Estate Finance, Inc. has entered into a $375.0 million senior secured term loan agreement with Mizuho Capital Markets LLC. The loan, which matures on May 1, 2029, is secured by certain investment assets and related collateral. The company drew $310.0 million on April 29, 2026, and used $185.2 million of these proceeds to repay its 5.75% senior unsecured notes due May 1, 2026. The facility bears interest at a variable rate tied to SOFR, plus a margin, and the company has entered into a Total Return Swap (TRS) transaction to reduce its net interest cost. The agreement includes customary representations, covenants, and events of default, with provisions for voluntary and mandatory prepayments. Borrowings may be prepaid without penalty after April 29, 2028, subject to a prepayment premium before that date. Mandatory prepayments are required based on the repayment of certain pledged assets.