Netstreit amends PNC term loan deal, adds USD 400 million delayed-draw facility

Bitget2026/10/02 10:46

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Netstreit amended its PNC-led term loan agreement on Sept. 28, 2026, adding USD 150 million of funded term loans.
Expanded the 2031 term loan to USD 300 million, increased the 2032 term loan to USD 300 million.
Put in place a new USD 400 million senior unsecured 7-year delayed-draw 2033 term loan, available to draw until Sept. 28, 2027.
Proceeds repaid a USD 200 million term loan due February 2028; remaining USD 50 million draw under the 2032 facility was used.
Pricing reset to SOFR plus 0.75%-1.55% for 2031, SOFR plus 1.15%-2.20% for 2032-2033, tied to leverage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netstreit Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-113030), on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Netstreit amends PNC term loan deal, adds USD 400 million delayed-draw facility

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