Exhibit 99.1
NexPoint Real Estate Finance, Inc. Prices Offering of 8.50%
Series A Cumulative Redeemable Preferred Stock
Dallas, TX, July 17, 2020 – NexPoint Real Estate Finance, Inc. (NYSE: NREF) (“NREF” or the “Company”) announced today the pricing of an underwritten offering of 2,000,000 shares of its 8.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a price to the public of $24.00 per share, for gross proceeds of $48.0 million before deducting the underwriting discount and other estimated offering expenses. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 300,000 shares of the Series A Preferred Stock at the public offering price, less underwriting discounts and commissions. The Series A Preferred Stock will have a $25.00 per share liquidation preference.
The Company intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange under the ticker symbol “NREF PRA.” The closing of the offering is subject to customary closing conditions and is expected to occur on July 24, 2020.
Raymond James & Associates, Inc., Keefe, Bruyette & Woods, Inc., A Stifel Company, and Robert W. Baird & Co. Incorporated are acting as the book-running managers for the offering.
This offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained by contacting: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone (800) 248-8863, email: prospectus@raymondjames.com; Keefe, Bruyette & Woods, Inc., A Stifel Company, 787 Seventh Avenue, 4th Floor, New York, NY 10019 (Attn: Capital Markets), telephone (800) 966-1559, email: USCapitalMarkets@kbw.com; or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, telephone (800) 792 2473, email: syndicate@rwbaird.com.
Important Information
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on July 17, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc. is a publicly traded REIT with its common stock listed on the New York Stock Exchange under the symbol “NREF.” NREF is primarily focused on originating, structuring and investing in first mortgage loans, mezzanine loans, preferred equity and alternative structured financings in commercial real estate properties, as well as multifamily commercial mortgage backed securities.
