NETSTREIT Corp. Announces $600 Million Sustainability-Linked Credit Facility
NETSTREIT Corp. (NYSE: NTST) (NTST or the Company), announced today the closing of an inaugural $600 million sustainability-linked senior unsecured credit facility (the Credit Facility), consisting of a $400 million senior unsecured revolving credit facility (the Revolver) and a new $200 million senior unsecured term loan (the Term Loan), with an additional $400 million accordion feature.
- NETSTREIT Corp. (NYSE: NTST) (NTST or the Company), announced today the closing of an inaugural $600 million sustainability-linked senior unsecured credit facility (the Credit Facility), consisting of a $400 million senior unsecured revolving credit facility (the Revolver) and a new $200 million senior unsecured term loan (the Term Loan), with an additional $400 million accordion feature.
- The Revolver refinanced and upsized NTSTs existing $250 million senior unsecured revolving credit facility, which was set to mature in December 2023.
- We are pleased with the closing of our Credit Facility, featuring the most innovative ESG-focused financing approach that any retail net lease company has undertaken.
- Citizens Bank, National Association, Comerica Bank, and Associated Bank, National Association also participated in the Credit Facility.