Current Report Filing (8-k)
May 29 2019 - 4:19PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 28, 2019
NEXPOINT RESIDENTIAL TRUST, INC.
(Exact Name Of Registrant As Specified In Its Charter)
|
|
|
|
|
Maryland
|
|
001-36663
|
|
47-1881359
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
300 Crescent Court, Suite 700
Dallas, Texas 75201
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: (972)
628-4100
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
|
☐
|
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
|
☐
|
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
Title of each class
|
|
Trading
Symbol(s)
|
|
Name of each exchange
on which registered
|
Common Stock, par value $0.01 per share
|
|
NXRT
|
|
New York Stock Exchange
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☒
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
On May 28, 2019, NexPoint Residential Trust, Inc. (the Company), through its operating partnership, NexPoint Residential Trust Operating
Partnership, L.P., entered into interest rate swap transactions with KeyBank National Association and SunTrust Bank (the Swaps). The Company entered into the Swaps to fix a portion of, and mitigate the risk associated with, the
Companys floating rate indebtedness (without incurring substantial prepayment penalties or defeasance costs typically associated with fixed rate indebtedness). The Swaps have an effective date of June 1, 2019 and a termination date of
June 1, 2024. Beginning on July 1, 2019, the Company will be required to make monthly fixed rate payments of 2.002% calculated on a notional amount of $100.0 million, while the counterparties will be obligated to make monthly floating
rate payments based on LIBOR to the Company referencing the same notional amount.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
NEXPOINT RESIDENTIAL TRUST, INC.
|
|
|
By:
|
|
/s/ Brian Mitts
|
Name:
Title:
|
|
Brian Mitts
Chief Financial Officer,
Executive
VP-Finance,
Secretary and Treasurer
|
Date: May 29, 2019
NexPoint Residential (NYSE:NXRT)
Historical Stock Chart
From Aug 2024 to Sep 2024
NexPoint Residential (NYSE:NXRT)
Historical Stock Chart
From Sep 2023 to Sep 2024