NETSTREIT Amends Term Loan Agreements, Adds $400M Facility

NETSTREIT Corp. has entered into a First Amendment to Term Loan Agreement and Incremental Agreement with PNC Bank, National Association and other lenders, dated September 28, 2026. The amendment modifies the company's existing senior unsecured term loan facilities.

Under the terms of the amendment, the company increased the size of its 2031 Term Loan by $100.0 million, bringing the total to $300.0 million. Additionally, the company increased the size of its 2032 Term Loan by $50.0 million, bringing the total to $300.0 million. These increases were fully funded on the Closing Date.

A new $400.0 million senior unsecured, 7-year delayed draw term loan facility, known as the 2033 Term Loan, was also established. Borrowings under this facility may be drawn until September 28, 2027, and the loan matures on September 28, 2033. The 2033 Term Loan is repayable at the Borrower’s option in whole or in part, subject to a prepayment premium of 2.0% during the first year and 1.0% during the second year following the Closing Date. Undrawn amounts under the 2033 Term Loan will accrue a ticking fee of 0.20% per annum.

The company utilized the borrowings from the Incremental Term Loans and a $50.0 million draw under the 2032 Term Loan to repay in full a $200.0 million term loan scheduled to mature in February 2028. The amendment also reduced the applicable margin spread under the 2031 Term Loan by five basis points. Interest rates for the 2031 Term Loan are determined by either SOFR plus a margin ranging from 0.75% to 1.55%, or Base Rate plus a margin ranging from 0.00% to 0.55%. For the 2032 Term Loan and the 2033 Term Loan, interest rates are determined by either SOFR plus a margin ranging from 1.15% to 2.20%, or Base Rate plus a margin ranging from 0.15% to 1.20%.

On the same date, the company entered into amendments to its Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, and its Amended and Restated Credit Agreement with PNC Bank, National Association. The company also entered into a Fourth Amendment to its Term Loan Agreement with Truist Bank. These amendments implemented conforming changes to each agreement, including reducing applicable margin spreads. The company and certain material subsidiaries reaffirmed their guarantees of the obligations under these agreements.