Company: NREF
Filing Date: 2025-10-10
Form Type: 8-K
Source: 0001437749-25-030861
Chunk: 1

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-10-10
Form: 8-K
Item: Item 1.01
Chunk 1
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 (i) non-payment of principal or interest, (ii) breach of certain covenants contained in the Note Purchase Agreement, (iii) an event of default or acceleration of certain other indebtedness of the Company and (iv) certain events of bankruptcy or insolvency. Generally, if an event of default occurs (subject to certain exceptions), the holders of at least 25% of the Notes then outstanding may declare all of the Notes to be due and payable.

The Notes were offered and sold by the OP in a private placement transaction to accredited investors in reliance on Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) of Regulation D promulgated thereunder.

On October 10, 2025, the OP and NexBank entered into a limited consent to loan agreement (the “ Consent”) that, among other things, amended the schedule of debt to remove reference to the 2020 OP Notes and add the Notes.

On October 8, 2025, the OP entered into a subscription agreement with NexPoint Storage Partners, Inc. (“ NSP”) where the OP purchased approximately 3,178 shares of NSP’s 15.0% Cumulative Series G Preferred Stock, $0.01 par value per share, for a purchase price of $3.2 million. As of June 30, 2025, the Company owned approximately 25.6% of the total outstanding shares of common stock of NSP and has guaranteed certain obligations of NSP, which are capped at $11.4 million as of June 30, 2025.

A director and officer of the Company, who controls the Manager, also (i) is the beneficiary of a trust that indirectly owns 100% of the limited partnership interests in the parent of the Manager and directly owns 100% of the general partnership interests in the parent of the Manager and (ii) is a director of the holding company of NexBank, directly owns a minority of the common stock of NexBank and is the beneficiary of a trust that directly owns a substantial portion of the common stock of NexBank. Additionally, OSL may be deemed an affiliate of the Manager through common beneficial ownership and accounts advised by NexPoint Advisors, L. P., the Manager’s parent, and its affiliates, beneficially own substantially all of the equity securities of NSP.

The descriptions of the Note Purchase Agreement and Consent contained in this Item 1.01 do not purport to be complete and are qualified in their